Brief: New Zealand Oil And Gas Executes Perth Basin Farm In Agreement With Triangle Energy
16/01/2023 20:37
Jan 17 (Reuters) - New Zealand Oil and Gas Ltd NZO.NZ :
* EXECUTES PERTH BASIN FARM IN AGREEMENT WITH TRIANGLE
ENERGY
* 3 EXPLORATION WELLS AIMED TO BE DRILLED IN 2024
* WILL CONTRIBUTE A$1.9 MILLION TOWARDS PAST EXPENDITURE ON
RECENTLY ACQUIRED BOOKARA 3D SEISMIC DATA
* COST OF ALL EXISTING REHABILITATION & RESTORATION
OBLIGATIONS
FOR L7 & EP 437 ARE TO BE BORNE EXCLUSIVELY BY TRIANGLE
* IN ADDITION TO UPFRONT COSTS, NZO WILL FUND EXPLORATION
ACTIVITIES AS PART OF ITS FARM IN OBLIGATIONS
Further company coverage: NZO.NZ
((Reuters.Briefs@thomsonreuters.com;))
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