New Zealand Oil & Gas(NZOG)is in line to acquire Tap Oil's 40% stake in the PEP38259 permit in the country's offshore Canterbury Basin.The other partners in PEP38259 are Australian Worldwide Exploration(AWE)as the operator with a 25% stake,while Beach Petroleum has a 20% stake and Anzon Energy has 15%.The permit contains the Barque gas and condensate prospect.
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