The Wellington-headquartered company told the NZX on Friday afternoon that the loss included a write-off of NZ$800,000 on the Kiwi exploration well, in West Maui licence PEP 38460, and reversal of a NZ$1.1 million former provision for impairment against investments.
During the half year the company invested NZ$5.5 million in three key NZ development projects - the Kupe gas field off south Taranaki, Pike River coal on the South Island’s West Coast, and the Tui-Amokura-Pateke oil fields in PEP 38460.
“All three projects remain on track for final investment decisions during the course of this year,” said NZOG general manager Gordon Ward.
