LME Looking good

[hidad]

Those of you who took up there rights in the SPP in LME seem to have done the right thing as the share price is going up nicely. This company looks like its going places as they have a few drills coming up very soon.

[seagull]

Those of you who took up there rights in the SPP in LME seem to have done the right thing as the share price is going up nicely. This company looks like its going places as they have a few drills coming up very soon.

Yes looks to be on a steady uptrend. When the updated reserve report appears soon this could well be re-rated.A quiet achiever. Cheers

[hidad]

Yes looks to be on a steady uptrend. When the updated reserve report appears soon this could well be re-rated.A quiet achiever. Cheers

seagull i think this will double in price in no time once drilling starts and good results come in.

[hidad]

LME with some very good results out today.

[macduffy]

The recent announcement of resource and environmental approvals for the Ohai coal seam gas pilot project doesn't seem to have attracted any interest. CSG isn't exactly flavour of the month at present but perhaps more attention will be paid to LME when drilling for the project starts early in the new year.

On my watchlist.

[seagull]

Another good announcement today. Alton taranaki due to be drilled before May 50% with Mosaic oil. For CSG if folk can take an 18 month time frame SP should be

way ahead. Good sales should be occurring in 2012. If we strike commercial oil next year it's YEEHAAA. Cheers

[hidad]

The time is now to get in because even leading up to the drill date the sp price should be in an up trend and if or when they find gas you wont see these prices anymore.

[hidad]

Come on people if you have made loses on other stocks its now time to take the gamble and get some good returns on LME .

[hidad]

Thursday, 16 December 2010


L&M ENERGY SUCCESSFUL IN JOINT BID FOR ONSHORE TARANAKI PERMIT
Highlights
- L&M Energy and Mosaic Oil NZ Limited awarded PEP53247 (Kahili) onshore Taranaki permit
- Historical oil and gas production within permit confirms hydrocarbon presence
- Infrastructure in place for early production upon successful drilling

L&M Energy (LME) today announced that it is continuing to grow its portfolio of exploration opportunities with near term cashflow potential through the award of the Kahili permit (PEP53247), onshore Taranaki, New Zealand, after a contestable blocks offer.

This latest award will result in the Company having interests in three permits in Taranaki, New Zealand’s only commercially proven producing basin.

The participants in the permit are L&M Energy Limited (25%), and Australian based Mosaic Oil NZ Limited (75%). Mosaic Oil NZ Limited is a wholly owned subsidiary of AGL Energy Limited.

The Kahili field was discovered in 2002 and the previous permit holder achieved commercial gas and condensate flows. In anticipation of that production, an on-site processing facility and pipeline connecting to the gas network were constructed by Natural Gas Corporation (now Vector Ltd). The Kahili-1B well produced 0.18 BCF of gas and 5.53 mbbls of condensate prior to watering out unexpectedly in 2004.

Both the production facility and the pipeline remain under a care and maintenance program by Vector Ltd pending further work within the permit. With these facilities available any future discoveries can be rapidly commercialised.



Following the award of the permit the joint venture will commence the acquisition of 30km of new seismic and reprocess a minimum of 160km of seismic in order to identify a suitable drilling target.

ENDS

Good luck to all wise holders.

[hidad]

18th January, 2011

OHAI COAL SEAM GAS PILOT PROJECT PROGRESS

L&M Energy Limited (LME) is pleased to announce that drilling has resumed at the Ohai pilot project after being suspended during the Christmas and New Year period. The programme is to drill and then install 9-5/8” surface casing to a depth of approximately 80m within both lateral access wells.

Once casing is installed the rig will then be relocated to complete vertical production well, OM#5, where surface casing was installed prior to the holiday break.

OM#5 will then be drilled to a total depth of ~750m intersecting the thick target coal seam, Morley #2.

The two horizontal lateral wells will then be extended to intersect OM#5 using proven directional drilling methods. Each of the lateral wells will pass through approximately 700m of coal with the gas they produce to be extracted from OM#5.

The pilot project follows on from the company’s 3P reserves upgrade to 274 PJ and forms a key part of the Company’s 2P gas reserves campaign which is aimed at independently certifying New Zealand’s first tranche of 2P CSG reserves.

ENDS

[BWH]

There doesn't seem to be much market reaction to any news releases. I guess we'll just have to wait until they start producing to see any significant gains.

[hidad]

"52.2m of Net Coal Intersected" - Ohai Pilot Update

COMPANY ANNOUNCEMENT


18th February, 2011

“52.2M OF NET COAL INTERSECTED” - OHAI PILOT UPDATE

L&M Energy Limited (LME) is pleased to provide the following update on drilling progress at the Ohai pilot project.

OM#5 has been drilled to a total depth of 645m after intersecting approximately 52.2m of net coal within the target Morley coal measures across an interval of only 62.4m. Geophysical logs have confirmed the section with the thickness of the target Morley #2 seam measuring 38.2m greatly exceeding all expectations for the area.

With production casing now installed and cemented in place the rig will under-ream the target production zone before relocating to the first of two lateral well locations. The two horizontal lateral wells will then be drilled to intersect OM#5 using proven directional drilling methods. Each of the lateral wells will pass through approximately 700m of coal with the gas they produce to be extracted from OM#5.

The pilot project follows on from the company’s 3P reserves upgrade to 274 PJ and forms a key part of the Company’s 2P gas reserves campaign which is aimed at independently certifying New Zealand’s first tranche of 2P CSG reserves.


ENDS

[hidad]

come on people dont miss out. Still alot to gain from this stock

[hidad]

keeps going up with hopefully very good news to come.

[hidad]

LME Signs Power Offtake Agreement

COMPANY ANNOUNCEMENT

7th April 2011

L&M ENERGY SIGNS POWER OFFTAKE AGREEMENT

L&M Energy Limited (LME) has entered into a landmark agreement to sell electricity output from its Ohai Coal Seam Gas (CSG) Pilot Project to the Rio Tinto Alcan-owned New Zealand Aluminium Smelters Limited (NZAS).

The smelter, situated less than 80km away from Ohai, is New Zealand’s biggest single electricity user and expects to consume 5,500 GWh of electricity in 2011.

LME has also received all the regulatory consents required to site a Gough’s Power Systems-supplied 1MW Caterpillar gas-fired generator on the Ohai site. Once commissioned, all electricity generated will be sold to NZAS.

L&M Energy chairman, Geoff Loudon, said this was a vindication of the potential for the Company’s CSG project to generate strong economic returns and was looking forward to building a strong commercial relationship with NZAS.

“We have been talking with our neighbours at NZAS for some time now and have recognised that they have very significant energy requirements in the form of electricity, Fuel Oil and Liquefied Petroleum Gas. We are looking forward to exploring all of these opportunities with NZAS as the CSG development progresses into the future,” Mr Loudon said.

The announcement follows on from the completion of the first stage of the Pilot Project: the successful intersection of thick coals via a 1,035m long lateral development well. The company has moved into the second stage of the Pilot and is commencing production testing operations.

The Pilot project follows on from the company’s 3P reserves upgrade to 274 PJ and forms a key part of the company’s 2P gas reserves campaign which is aimed at independently certifying New Zealand’s first tranche of 2P CSG reserves.

ENDS

People who dont want to make money its easy just keep out of this stock.

[bermuda]

Hidad,
Congratulations. This is a screaming buy and everyone seems too scared to touch it. I have enough CSG over in Aussie but this stock will surprise on the high side. They have been making great progress and Kent Anson ( ex Arrow ) knows exactly what to do. THe NZ Aluminium deal is a real winner.

[seagull]

Hidad,
Congratulations. This is a screaming buy and everyone seems too scared to touch it. I have enough CSG over in Aussie but this stock will surprise on the high side. They have been making great progress and Kent Anson ( ex Arrow ) knows exactly what to do. THe NZ Aluminium deal is a real winner.

Agreed Bermuda, Most folk who have held since the IPO should be getting into the green now. Very quiet stock. Last year as I entered the AGM a director said "thank goodness

a shareholder has turned up" Tremendous upside potential. Maybe a few more at this years AGM. Buy up folks. Cheers

[bermuda]

Agreed Bermuda, Most folk who have held since the IPO should be getting into the green now. Very quiet stock. Last year as I entered the AGM a director said "thank goodness

a shareholder has turned up" Tremendous upside potential. Maybe a few more at this years AGM. Buy up folks. Cheers

Seagull,
That was a good story.
I will see if I can turn up this year. Not being a shareholder I will ask Kent for special permission to be there. This stock has a huge amount of upside.

Cheers

[MANDRAKE]

So LME have 274 PJ of 3P CSG reserves.. Would anyone like to hazard a guess what proportion of that will become 2P certified, and in what sort of time frame?

[hidad]

this just keeps getting better.

[hidad]

COAL SEAM GAS ACTIVITIES

Drilling at the Ohai pilot project (PEP 38220) was successfully completed after the lateral well OM#7 intersected the OM#5 production well. OM#7 was drilled to a total lateral length of 1,150m and intersected the thick target Morley #2 coal seam within OM#5. Production well OM#5 was completed earlier in the quarter and encountered an unprecedented thickness of the Morley#2 coal seam of 38.2m. Well surface and subsurface production equipment is currently being installed with pilot production scheduled to commence in early May 2011.

The company’s push for near term cash flow opportunities from pilot gas production is drawing closer via the execution of a landmark agreement to sell electricity output from the Ohai Coal Seam Gas (CSG) pilot project to the Rio Tinto Alcan-owned New Zealand Aluminium Smelter (NZAS). Preparations are now underway to install a 1MW gas-fired generator at the pilot site.

Once commissioned mid-year, this generator will sell any electricity generated to NZAS

[hidad]

Chairman's Address to the Annual General Meeting

COMPANY ANNOUNCEMENT

3 May, 2011

2011 ANNUAL GENERAL MEETING
CHAIRMAN’S ADDRESS

The address below is being delivered by Mr T W Taylor, Acting Chairman, at the Company’s Annual General Meeting commencing at 10:00 am, May 3, 2011.

Good morning Ladies and Gentlemen and welcome to the 2011 Annual General Meeting of L&M Energy.

For those of you who don’t know me, my name is Trevor Taylor and I am the Acting Chairman today for the meeting.

Geoff Loudon, the Company’s’ Chairman, is unable to attend the meeting for medical reasons. Geoff passes on his best wishes to all shareholders and guests here today and looks forward to being back on deck very shortly.

As Geoff said in his Chairman’s Report, 2010 was a transformational year for the company. Following the acquisition of L&M Coal Seam Gas Limited in February 2010, we have developed from a modest unproven wildcat explorer to a company that has substantial 3P gas reserves in the gas deficient South Island and a series of exploration prospects in the oil and gas producing fairways of the Taranaki Region of the North Island. Our market capitalisation is now around NZ$ 110 million and there are close to 2,000 shareholders invested in the Company. Throughout 2010 your Board and Management worked diligently to lay solid foundations to build value for you our shareholders.

2010 started with shareholders approving the merger of L&M Petroleum with the unlisted company, L&M Coal Seam Gas, and the merged entity then became known as L&M Energy. The merger brought with it 173 PJ of 3P gas reserves at Ohai in Southland which has subsequently been expanded to 274 PJ.

The pilot CSG gas project at Ohai has been progressed to a point where we are about to commence test production from the field. As you will have seen in our press release, we have an agreement to sell electricity generated to the aluminum smelter at Tiwai Point which is very encouraging. While it will be small at first, proving the pilot concept will allow scaling up to occur. In a short time Kent Anson will provide you with a more detailed update on that very positive development.

During 2010 the company focused on a strategy to switch from wildcat exploration in remote non-producing regions to acquiring strategic acreage amongst existing production. By the end of the year the Company held positions in 3 Taranaki permits – Alton, Kahili and Kaheru. We are at a point where we are now ready to drill our first Taranaki exploration well in the next few months as soon as the rig becomes available.

With the implementation of this new strategy we are now proceeding to the more difficult task of delivering in 2011 and beyond. While this will be very exciting it is something we are all looking forward to as we believe we have a winning combination of experience and enthusiasm to establish a strongly based energy business based on new discoveries which will benefit all New Zealanders.

At this point I would like to acknowledge the work of our employees and contractors who have achieved a lot in a short time since our initial public offering in 2007. The people, land owners and institutions of both Southland and other regions where we work are also gratefully acknowledged for their support. Without this support we would not be where we are today.

Finally, our Board and staff would like to pay tribute to the people of Christchurch and Greymouth who have suffered major losses over the past few months. As a company actively involved in the South Island, and with an office in Christchurch, our thoughts remain with all those affected by these two tragedies.

Thank you.

TW Taylor
Acting Chairman


ENDS

[hidad]

L&M Energy Secures Funding for the Upcoming Taranaki Well

COMPANY ANNOUNCEMENT
1 June 2011

L&M ENERGY SECURES FUNDING FOR UPCOMING TARANAKI OIL WELL


New Zealand Energy Corp. (“NZEC”) recently announced (copy attached)* that they have entered into a Letter of Intent with AGL Upstream Gas (MOS) Pty Limited (“AGL”) to acquire AGL’s 50% interest in PEP 51151 (Alton).

LME is pleased to announce that they have entered into a conditional agreement with NZEC which provides LME a 100% free-carry in respect to expenses incurred in drilling the Talon-1 exploration well within PEP 51151. In addition, in the event of a discovery, the agreement also provides for the funding of completion costs up to $500,000 with any costs beyond this shared on a 50:50 basis.

The LME share of expenditure being funded under the agreement is approximately NZ$1.75 million (including $250,000 of the completion costs). LME will retain its existing 50% interest in PEP 51151 but will transfer operatorship of the Joint Venture to NZEC.

By way of background, NZEC are currently in the process of an Initial Public Offering (“IPO”). NZEC currently holds two exploration permits in New Zealand (Eltham and Castlepoint) with a further two awaiting ministerial approval (Ranui and East Cape). New Zealand operations are undertaken by an experienced local team as well as Canadian personnel who are bringing Canadian expertise and technology to New Zealand.

Commenting on the deal, LME’s Chairman, Mr Geoff Loudon says “We are delighted that we could be involved with NZEC expanding their operations in New Zealand. We look forward to partnering with them, initially the Alton Joint Venture, and ultimately in other ventures”.

The agreement with NZEC is conditional upon a number of factors including completion of due diligence, a final agreement being concluded with AGL and obtaining the New Zealand ministerial consents required.


ENDS


Get in to ride this up again .