NZOG pulls out of Kiwi block

摘要

New Zealand Oil & Gas (NZOG) reports thatPetroleum Exploration Permit 53473 (PEP 53473)Takapou has been relinquished after the partnersopted not to commit to drilling a well, whichwould have been required by March 2016.NZOG acquired a 50% stake in PEP 53473 andbecame operator in 2012. Octanex holds the other50% stake