Ann: MINE: NZO: Oi weekly update

• Release Date: 15/07/14 09:03
• Summary: MINE: NZO: Oi weekly update
• Price Sensitive: No
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					NZO
15/07/2014 09:03
MINE

REL: 0903 HRS New Zealand Oil and Gas Limited

MINE: NZO: Oi weekly update

Operations this morning are continuing to plug and abandon the Oi-2 well in
Petroleum Mining Permit 38158, offshore Taranaki, New Zealand.

The next operation will be to abandon Oi-1 prior to releasing the rig.

The well intersected the primary target Kapuni F10 sands and underlying
secondary targets last week. No significant oil shows were encountered.

The joint venture partners in the Oi exploration well are:
AWE Limited: 31.25% (Operator).
Pan Pacific Petroleum: 50%
New Zealand Oil & Gas (through subsidiary): 18.75%.

The Joint Venture partners in PMP 38158 are:
AWE Limited (Operator) 57.5%
New Zealand Oil & Gas (via subsidiaries) 27.5%
Pan Pacific Petroleum (via subsidiaries) 15%

John Pagani
External Relations Manager
+64 21 570 872
End CA:00252737 For:NZO    Type:MINE       Time:2014-07-15 09:03:17