EXPLORATION

Todd hangs on to best of Taranaki asset

TODD Energy has surrendered the large offshore Taranaki, New Zealand, licence PEP 38494 but retained the most prospective parts as an extension to its recently awarded PEP 51313.

The government's Crown Minerals Group awarded Todd an 820-square-kilometre extension to PEP 51313 immediately below the commercial Maari oil field mining licence (PMP 38160) and the original Maari exploration...

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