Hope it is a separate business and it does not affect their Australian business too much .
Plenty of reputation damaged though.
Offshore wells are expensive and there is never a 100% sure thing .
First well of a planned appraisal drilling program unexpectedly dry .
The overall program $NZ 300M.
Who now thinks that an in specie distribution of the GAS shares to TEG share holders would not be a good thing .
Tamarind NZ enters administration, page-11
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