Ann: MINE: NZO: PEP 51906 drilling expected in Q3

• Release Date: 11/12/12 11:34
• Summary: MINE: NZO: PEP 51906 drilling expected in Q3 2013
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NZO
11/12/2012 09:34
MINE

REL: 0934 HRS New Zealand Oil and Gas Limited

MINE: NZO: PEP 51906 drilling expected in Q3 2013

The operator of PEP 51906, OMV New Zealand, has advised New Zealand Oil & Gas
it has secured a semi-submersible drilling rig, the Kan Tan IV, for a
drilling programme in the Matuku prospect in the third quarter 2013.

NZOG announced on 28 November an agreement to farm in to 12.5 per cent of the
permit. The agreement is subject to regulatory approval.

Participants in PEP 51906 are:
OMV New Zealand (Operator) 65%
Octanex 22.5%
NZOG 12.5%
End CA:00230953 For:NZO    Type:MINE       Time:2012-12-11 09:34:35