RESEND NZOG to drill Kakapo prospect, still needs rig, seeks farm-in partner

Wed, 26 Sep 2012

(Fixes Andrew Knight's name and title in 6th par) Sept. 26 (BusinessDesk) - New Zealand Oil & Gas has confirmed it will drill the inshore Taranaki oil and gas prospect, Kakapo, but is still looking for at least one more farm-in partner and a suitable drilling rig. NZOG holds a 90 percent interest in the Kakapo prospect, with the remainder held by ASX-listed Raisama, and faced a "drill or drop decision" this month. The company reported in May it was looking for partners and a rig to run a three to four well campaign in 2013 and 2014, to incl...

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