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Posted on 9 December 2015
Kupe
New Zealand Oil & Gas notes an upgrade in reserves in the Kupe gas and light oil field in South Taranaki, New Zealand has been announced by joint venture partner Genesis Energy Limited.
Genesis Energy announced its 33 per cent upgrade following a review by international
consultancy Gaffney Cline & Associates. The upgrade is broadly aligned with the upgrade announced on 27 October by New Zealand Oil & Gas following its own internal review (with a variation relating to predicted end of field life, resulting from varying economic assumptions).
New Zealand Oil & Gas has a 15% interest in Kupe. The other Kupe partners are Origin
Energy, 50% (Operator); Genesis Energy, 31%; and Mitsui, 4%.
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New Zealand Oil & Gas Ltd.
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CODE : NZO.AX |
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New Zealand Oil & Gas is a oil and natural gas producing company based in Australia. New Zealand Oil & Gas is listed in Australia. Its market capitalisation is AU$ 163.0 millions as of today (US$ 106.5 millions, € 99.5 millions). Its stock quote reached its highest recent level on July 16, 2010 at AU$ 0.78, and its lowest recent point on June 09, 2023 at AU$ 0.32. New Zealand Oil & Gas has 392 842 727 shares outstanding. |