L&M coring ahead in NZ

JUNIOR explorer L&M Petroleum has hit the top of the Beaumont coals with its Belmont stratigraphic coal seam gas well in the Western Southland Basin of New Zealand.

L&M today said that the Washingtons coring rig 8 encountered the Eocene-aged Beaumont Formation at a depth of 224m and was now being rigged up to undertake coring operations at the Belmont Strat-1