NZOG to target $35M annual exploration spend

Wed, 20 Jun 2012

By Pattrick Smellie June 20 (BusinessDesk) - New Zealand Oil & Gas is telling investors it is entering a new phase now that it's in a position to start trying to extract value from the portfolio of oil and gas exploration acreages it's built up over the past two or three years. In a roadshow presentation for New Zealand investors, released to the NZX, chief executive Andrew Knight says the emerging focus is "different from the last few years." "NZOG had been focused on opportunity assessment (acquisition) to achieve country entry and reserve...

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