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L&M Energy

Geoff Loudon swoops on NZ Energy Corp in gas deal

John Proust: NZEC still needs a further $12m

The deal for a half-share will help get Toronto-based NZEC out of a financial hole.

L&M offer passes 90% hurdle

The offer by its chairman and creditor Geoff Loudon is now unconditional.

L&M Energy's Loudon exceeds 80% acceptance in takeover offer

It needs to reach 90% to declare the offer unconditional.

L&M Energy chairman makes takeover bid for oil and gas explorer

Geoff Loudon makes full takeover bid for the Wellington-based oil and gas explorer at a 45% premium to its last trading price.

L&M seeks listing on Canada's TSX Venture Exchange

L&M Energy, with interests in oil and gas exploration permits in Taranaki, iwants to boost liquidity as it bids for new blocks and accelerates its drilling programme.

L&M Energy upgrades Ohai reserves

L&M Energy shares have jumped following a 60% upgrade to proved, probable and possible (3P) gas reserves at its Ohai field in Southland.

The 3P Ohai reserves estimate was today upgraded to 274 petajoules, up from 174 petajoules.

“The reserve increase is another significant step forward for the company in developing the South Island’s first commercial gas field,” L&M Energy managing director Kent Anson said today.