OGOG buying more canterbury basin prospects
Oil and gas company Beach Energy has agreed to sell a 37.5 percent share in the PEP 38264 license offshore New Zealand to a subsidiary of O.G. Energy.
To me it makes nonsense of the assertion that NZ is no longer attractive to explorers.It also makes nonsense of my previous guess that OGOG wanted to take NZO out of NZ-they are clearly here to drill.
They look as if they will be committed to drill by 2021 and so I guess a drilling rig will be in the canterbury basin and will be able to drill for NZO.
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