CANADA'S TAG Oil has taken over as operator of two onshore Taranaki, New Zealand, exploration licences from Austral Pacific Energy, leaving only the operatorship of the nearby commercial Cheal oil field uncertain as receivers unravel Austral's affairs.
Vancouver-headquartered TAG said overnight it had secured the operatorship of licences PEP 38746(Onaero) (TAG, 16.65% interest) and PEP 38748 (Winchester) (TAG 33.33%). Austral, which went into...
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