NZ Energy Corp completes TWN acquisitions

Wed, 30 Oct 2013

Oct 31 (BusinessDesk) – Taranaki oil and gas explorer and producer New Zealand Energy Corp has finally closed the deal to buy onshore petroleum licences and processing facilities from Origin Energy in a deal that at times looked capable of failure. The Vancouver-based company struggled to fund the C$33.5 million acquisition of the Tariki, Waihapa and Ngaere (TWN) licences, originally announced in June last year, and reduced its interest to 50 percent in August when it brought on L&M Energy as a joint venture partner. Also included in the deal...

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