New Zealand Oil & Gas Agrees To Acquire 6.7% Stake In Offshore New Zealand Oil Exploration Permit
10 Outubro 2012 - 6:52PM
Dow Jones News
By Lucy Craymer
WELLINGTON--New Zealand Oil & Gas Ltd. (NZO.NZ) has reached
an agreement to buy a 6.7% stake in an a oil exploration permit off
the west coast of New Zealand's North Island, the Wellington-based
company said in a statement Thursday.
No financial details were released.
The permit in the Taranaki Basin covers 16,380 square kilometers
and includes multiple prospects and leads, the company said. The
other shareholders in the permit are Anadarko Petroleum Corp. (APC)
and Hyundai HYSCO (010520.SE), it added.
Write to Lucy Craymer at lucy.craymer@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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