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Sharpridge Creek-4 well drilling progress report


Sharpridge Creek-4 well drilling progress report

At 0600 hours today the Sharpridge Creek-4 well had reached a depth of 125 m after running surface casing to that point. Following the cementing of the casing drilling will continue to the target depth of 450 m.

The Company is the sole owner and operator of the Sharpridge Creek Prospect.

About L&M Petroleum Limited

L&M Petroleum Limited is incorporated in New Zealand and dual listed on the ASX and NZX on
11 January 2007 after raising AUD$20 million in a fully underwritten Initial Public Offering. The Company holds three onshore and one onshore/offshore petroleum exploration permits in the Western Southland Basin of the South Island of New Zealand, and is carrying out an aggressive exploration programme focusing on the discovery of major oil and gas resources.


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