L & M Petroleum Limited (NZE:LMP) Coal Seam Gas Exploration Operations to Begin; CSG Drilling Contract Signed

  Wellington, New Zealand, Aug 5, 2008 - (ABN Newswire) - L & amp;M Petroleum Limited (ASX:LMP)(NZE:LMP) is pleased to announce that it has entered into a contract with Washingtons Exploration Limited to use its Rig #8 to drill the first three wells to be drilled in the Company's 2008 coal seam gas (CSG) exploration program in the South Island of NZ. LMP is targeting more than 300PJ of CSG potential over its acreage position.  

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