New Zealand Energy relinquishes East Coast permit (Scandinavian Oil-Gas Magazine)

New Zealand Energy relinquishes East Coast permit

Published May 22, 2015

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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