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New Zealand Energy relinquishes East Coast permit


Published May 22, 2015
New Zealand Energy Corp.-2

New Zealand Energy Corp. has relinquished PEP52976 (East Cape) in the East Coast Basin of New Zealand’s North Island.

“NZEC is focused on its Taranaki Basin permits that offer near-term production potential. The Company does not consider that exploitation of the East Cape permit area is viable in the current commodity price environment,” said James Willis, Chairman.

Tags: New Zealand Energy Corp.




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