LMP
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3.57% 13.5¢ l&m petroleum limited

csg potential large for this little tiddler, page-15

  1. xynz
    71 Posts.
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    18/04/08
    11:05
    Post #: 3601903
    If the terms of the original prospectus haven't changed, then CSG doesnt do LMP much good.

    See section 11.3.g(Coal Seam Gas Exchange Agreement) on pg 114 of the LMP prospectus. 100% ownership of all CSG finds go to another subsidiary of the L&M group: L&M Coal Seam Gas.

    The terms of the orignal prospectus are clear: LMP doesn't get a single penny of CSG revenue. Has that changed?
    LMP Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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