Have a look at the prospectus on the following link:...

Have a look at the prospectus on the following link: http://www.lmpetroleum.net.nz/

The keys are; 4 onshore exploration wells in the next 6 months, the people on the board, the investors already in, the partnership with a government owned enterprise, oil bubbling out of the ground in the licence areas and that the Southland basin is supposed to be "on trend" with the very prolific Taranaki basin (that holds the whats left of the massive Maui field and numerous oil fields). Have a read of the prospectus. Probably the best potential oil play in the NZ region ATM.