NZOG buys into deepwater Taranaki permit, builds Anadarko relationship

Wed, 10 Oct 2012

Oct. 11 (BusinessDesk) - New Zealand Oil & Gas has bought into a deepwater exploration permit in the Taranaki basis, building its relationship with Texan explorer Anadarko. The Wellington-based company will pay US$9.5 million in three tranches for a 6.7 percent stake in the permit off the Taranaki coast, it said in a statement. It has agreed to acquire 6.1 percent from Global Resources Holdings and 0.6 percent from Randall C Thompson LLC, subject to certain conditions and ministerial consent. The permit is the first granted over the deepwa...

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