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 closed at 12,904.11, up 149.96 points or 1.18%.
Cost savings were behind the decision to delist, the company says.
Partnership with TA Associates tipped to accelerate Craigs' growth.
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