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NZOG expands Taranaki exploration with new permit adjacent to Maui


Published May 28, 2007
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NZOG expands Taranaki exploration with new permit adjacent to Maui-Spotlight

New Zealand Oil & Gas Ltd (“NZOG”) announces that the Ministry of Economic Development has awarded the Petroleum Exploration Permit 38499 Offshore Taranaki to a joint venture including NZOG. This is line with NZOG’s strategy of exploration led expansion.

The permit has several promising leads. It is located adjacent to the prolific Maui gas/oil field.

At least two of the permit’s leads, Matuku and Toke, will be delineated by 400km of marine 2D seismic survey planned for mid 2007 and the reprocessing of more than 300km of existing seismic data.




   

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