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L&M Petroleum spuds Sharpridge Creek-4 well
L&M Petroleum spuds Sharpridge Creek-4 well
L&M Petroleum Limited is pleased to announce that earlier today it commenced drilling its fourth well in the Sharpridge Creek Prospect within Petroleum Exploration Permit (PEP) 38226 in the Waiau Basin, Western Southland District, New Zealand.
The Sharpridge Creek-4 well is programmed to be drilled to a total depth of 450m to further appraise the commercial potential of the discovery made by the Sharpridge Creek-1 well drilled by the Company in 2006. The well is expected to reach total depth by the end of the week.
The Company is the sole owner and operator of the Sharpridge Creek Prospect.
ENDS
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