Brief: New Zealand Oil And Gas Executes Perth Basin Farm In Agreement With Triangle Energy

Triangle Energy (Global)

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;))