Initial analysis of coal samples from L&M Petroleum’s (LMP) Goodwin-1 exploration well in New Zealand licence PEP-38226 have shored up the presence of gas and signaled that the coals at the site have very low water content.
The sampled Morley coals contained gas content of up to 4.42 cubic metres of methane per tonne of coal and were over-saturated with gas. “These results are very encouraging and are consistent with data from coalbed methane (CBM) wells drilled in the adjacent Ohai permit,” LMP’s managing director John Bay said in a statement today. A total of 11 metres of coal was recovered from the Morley formation during coring operations. The Washington-8 drilling rig is now being mobilized to the Wairaki drilling site in the permit next door, PEP-38238 or Blackmount, where it will drill two test holes to establish the depth of the top of the Beaumont coals in the northern end of the Takitimu South trend. The Wairaki Strat-1 well is the second of up to eight wells the company plan to drill this year to determine the extent of the potential CBM resources within its onshore Western Southland basin permits in New Zealand’s South Island. LMP is listed on both the New Zealand and Australian stock exchanges.
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