EXPLORATION

Trans-Orient bulks up in NZ

CANADA-listed junior Trans-Orient Petroleum has won a third onshore East Coast Basin exploration permit as the company prepares to drill in late 2009 its first wells in New Zealand for at least six years, targeting conventional petroleum and shale oil and gas plays.

Work program commitments for the 453.3 square kilometre licence PEP 50940, which surrounds the coastal city of Gisborne to the north, include reprocessing existing seismic data, collecting and analysing...

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