Vancouver-based oil-equity start-up, Trans-Orient, has privately placed 5.9 million “equity units” of itself for $1 a piece, and hopes to return in earnest to the Myocene deposits off the eastern coast of New Zealand.

Company hopes appear primarily based on a stake in Austral Pacific and its exploration of the Kiwi Taranaki Basin, although a Trans-Orient statement also points to interests in the Timor Sea off Indonesia.