Greymouth seeks early contact on partial Kowhai surrender

Mon, 03 Jun 2019

By Gavin Evans June 4 (BusinessDesk) - Greymouth Petroleum says it will meet with officials soon to arrange the surrender of part of its Kowhai petroleum mining permit in Taranaki. The High Court last week endorsed a condition of the original 2009 permit that required Greymouth to relinquish non-producing parts of the 68 square-kilometre licence after 48 months, ultimately extended to 90 months. The condition was not in breach of the Crown Minerals Act, and nor were the areas to be surrendered restricted only to parts of the permit that h...

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