EXPLORATION

Widespread gives up the deeps to focus on shallow water

NEW Zealand minnow Widespread Energy is giving away the deep water part of its offshore West Coast, South Island, petroleum exploration permit won only a year ago to concentrate on exploration closer to shore.

Widespread has applied to the Crown Minerals unit of the Ministry of Energy and Resources to reduce the acreage of the original 3269 square kilometre licence PEP 50439 by 1956sq.km. "There is very little...

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