Ann: MINE: NZO: PEP 52181

• Release Date: 23/03/16 10:07
• Summary: MINE: NZO: PEP 52181
• Price Sensitive: No
• Download Document  763B

					NZO
23/03/2016 10:07
MINE
PRICE SENSITIVE
REL: 1007 HRS New Zealand Oil and Gas Limited

MINE: NZO: PEP 52181

The joint venture in PEP 52181 (Kaheru), offshore South Taranaki, has
submitted an application to surrender the permit.

Operator New Zealand Oil & Gas announced in February that economic conditions
could not support drilling the prospect before the commitment date of May
2016.

After exploring options to defer or amend work obligations, the joint venture
has submitted to the regulator an application to surrender the permit.

The permit is held by New Zealand Oil & Gas (35%, Operator), TAG Oil (40%)
and Beach Energy (25%).

John Pagani
External Relations Manager
+64 21 570 872
End CA:00279756 For:NZO    Type:MINE       Time:2016-03-23 10:07:37