EXPLORATION

NZOG targeting Taranaki, Canterbury: broker

NEW Zealand Oil & Gas is likely to spend some of its sizeable "war chest" of about $NZ285 million ($A251 million) getting more involved in offshore Taranaki exploration, or even extending itself to offshore Canterbury, according to broker McDouall Stuart.

"NZOG has the means to focus on higher-reward, liquids-intensive targets," the Wellington-based investment banker and broker said in its latest report. NZOG's decision not to participate in the latest...

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