New Zealand Oil & Gas has received regulatory approval and completed its farm-in agreement for a 25% participation interest in Western Australian onshore Production License L7 and Exploration Permit EP 437.
The joint ventures involved, including Triangle, NZO, and Talon Energy, are planning to drill exploration wells in 2024.
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The S&P/NZX 50 Index rose 97.07 points, or 0.8%, to 12,447.68.
Fletcher Building subsidiary Iplex Australia to cover 80% of repair costs.
The bus operator's net loss widened from $8m to $17m in the year to March 31.
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