Exploration ban sapping overseas interest in NZ - NZOG

Mon, 27 Aug 2018

By Gavin Evans Aug. 27 (BusinessDesk) - The government’s decision to stop issuing offshore exploration permits has convinced many overseas investors that the country is closed for business, New Zealand Oil & Gas says. Chief executive Andrew Jefferies said the company is working hard to turn around that perception. The firm has continued to market its two permits off the lower South Island at oil and gas events in Australia, Singapore and London but firms are wary that any discovery made may be harder to consent then previously. They al...

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