NZO
10/08/2012 16:52
MINE
REL: 1652 HRS New Zealand Oil and Gas Limited
MINE: NZO: Risk profile too high for Barque partners
NZOG advises that after an extensive technical review the joint venture
partners of PEP 38259 in the Canterbury Basin, have agreed that the permit
will be relinquished back to the Crown.
NZOG holds a 40% stake in PEP 38259 with Beach Petroleum (NZ) Pty Ltd holding
35% and AWE New Zealand Pty Ltd 25% respectively.
ends
End CA:00225841 For:NZO Type:MINE Time:2012-08-10 16:52:39
Price at posting:
83.0¢ Sentiment: None Disclosure: Held
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