strong similarities to us shale gas plays

Commenting on the identified opportunities, LME?s Chairman, Mr Geoff Loudon says ?We are excited by the shale gas opportunities we have identified in the South Island of New Zealand. We look forward to increasing our permit holdings in the South Island and increasing the certainty around the measurement of gas in place for our acreage. We are confident that we can build upon our expertise in commercialising gas to create a significant business for LME and for the South Island?.