Broker Research on L&M Energy Acquisition Released

McDouall Stuart Securities Ltd has released a new research report related to the potential acquisition of L&M Coal Seam Gas.

McDouall Stuart Securities Ltd acted as lead manager in L&M Energy’s initial public offering in 2007
and initiated research coverage of L&M Energy in October 2008.
Copies of McDouall Stuart’s research report can be downloaded from L&M Energy’s website
(www.LMEnergy.co.nz).

ENDS