NZ Oil & Gas announces Perth Basin agreement

Tue, 17 Jan 2023

New Zealand Oil & Gas (NZO) is joining forces with Australian stock exchange-listed energy firm Triangle Energy to execute a farming agreement that will allow the two companies to enter the Perth Basin.NZO has acquired a 25% interest in Triangle’s L7 and EP 437 northern Perth Basin permits and will contribute $2.1 million towards past expenditures on recently acquired Bookara 3D seismic data.NZO told the market this morning the exploration wells would target the “highly prospective” Early Permian-aged reservoirs identified...

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