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New Zealand Oil & Gas has bought a 10% stake in the offshore Taranaki Hoki oil prospect, which is due for drilling this summer by NZOG's Tui field partner, AWE.
New Zealand Oil and Gas Ltd (NZOG) is buying a 10 percent stake in the Hoki oil prospect permit area off the Taranaki coast. Hoki is the largest untested prospect in the western margin of the Taranaki basin.
New Zealand Oil & Gas Ltd (NZOG) has agreed to acquire a 10% stake in Petroleum Exploration Permit 38401, which lies in the offshore Taranaki Basin, approximately 150km northwest of New Plymouth.
(The following statement was released by the company) WELLINGTON, July 9 - New Zealand Oil & Gas Ltd (NZOG) has agreed to acquire a 10% stake in Petroleum Exploration Permit 38401, which lies in the offshore Taranaki Basin, approximately 150km northwest of New Plymouth. PEP 38401 contains the large Hoki oil prospect, which is scheduled to be drilled by the semi-submersible drilling rig Kan Tan ...
(The following statement was released by the company)
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