Two more Canadian oil and gas explorers appear in Hawke's Bay

Tue, 06 Nov 2012

Nov. 7 (BusinessDesk) -Two new Canadian oil and gas explorers have appeared in New Zealand, taking a 965 square kilometre onshore licence area in Hawke's Bay, in what appears to be the first outcome from the government's new "block offer" policy. Marauder Resources East Coast has won the exploration licence for Petroleum Exploration Permit 53806 in a joint venture with Canadian Overseas Petroleum to explore "unconventional" shales in the Whangai formation, in the central Hawke's Bay. The licence area sits between two others being explored by...

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