Archive: 25/07/2013

New Zealand Oil & Gas has relinquished Kakapo

Posted on 25 July 2013

New Zealand Oil & Gas has relinquished Petroleum Exploration Permit 51311, which contains the Kakapo prospect. NZ Oil & Gas holds a 100 per cent interest in PEP 51311. CEO Andrew Knight says at that level of exposure the permit did not fit the NZ Oil & Gas portfolio at a time when activity is stepping up.

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