Lucky bill if you read through there announcements LMP have beeen approached by significant parties to buy all the gas they can supply Here is the extract for the release on the 22/5 The coal seam gas potential of New Zealand has gone unrecognised for too long. Initial indications are that our Southland permits may have the potential to contain some 300 Bcf of coal seam gas. New Zealand gas pricing is well in excess of comparable Australian levels and we have already had expressions of interest from significant parties who are prepared to purchase gas from any future production output. We believe our coal seam gas exploration programme has the potential to deliver sizeable gas reserves to L&M with a relatively low level of exploration risk and we will be aggressively pursued
LMP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held