EXPLORATION

NZOG reaches for Taranaki permit

NEW Zealand Oil & Gas has applied for another offshore Taranaki exploration lease, this time immediately north of the licence containing the promising Albacore prospect that will be drilled this spring.

The 1138 square kilometre permit is sandwiched between Todd Energy's Karewa gas find to the north (licence PEP 38602) and PEP 38491 to the south that contains Albacore and at least five other interesting...

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