High impact gas/liquid regional opportunity
Proven, underexplored, emerging exploration province, offshore South Island NZ
NZOG is offering equity and potentially Operatorship to jointly explore two permits in the Canterbury and Great South Basins. Together these permits offer a gross combined mean prospective recoverable resource of 8.9 tcf and 565 mmstb across two exploration prospects, plus follow up prospects. Attractive semi-sub rig cost sharing from a regionally aligned drilling programme, plus low F&D costs expected upon success.