New Zealand Oil and gas
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Tui acquisition completed

Posted on 9 December 2013

The sale has an economic date of 1 October 2013. The sale has now received approval from
New Zealand’s Minister of Energy and Resources.

THE JOINT VENTURE PARTNERS IN PMP 38158 ARE:

AWE Limited (Operator): 57.5%
New Zealand Oil & Gas: 27.5%
Pan Pacific Petroleum: 15.0%


In the Oi exploration well AWE Limited will participate at 31.25%, New Zealand Oil & Gas at
18.75% and Pan Pacific Petroleum at 50%. AWE Limited and New Zealand Oil & Gas may
restore their equities in any development subject to reimbursement of pro-rata costs and
payment of a buy-back premium.

Attachment: News Release