Geoff Loudon swoops on NZ Energy Corp in gas deal

Wed, 31 Jul 2013

By Pattrick Smellie Aug 1 (BusinessDesk) - Serial oil and minerals investor Geoff Loudon's L&M Energy has done a deal to help get Toronto-based New Zealand Energy Corp out of a financial hole while securing a half-share of the long-producing gas fields known as TWN, and the associated Waihapa production station. NZEC has been looking for months for a solution to its problem, which arose when the company ripped through working capital due to a string of missed production targets, leaving it around C$17 million short when trying to complete it...

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