Mosman Oil and Gas has been awarded three exploration permits in New Zealand.
Part of the government’s 2014 block offer, the award covers the Taramakau and Murchison blocks on South Island and the East Coast block on North Island.
Taramakau is measured at 990 sq km, the Murchison 157 sq km and the East Coast 667 sq km.
John Barr, executive chairman, said: “Mosman is delighted to have been awarded these permits in a competitive bid round. We have already identified prospective targets in the Taramakau permit with initial work in 2015 planned around accumulating further seismic and we believe the enlarged area is fundamental to the organic growth strategy of Mosman alongside our first permit in the South Island.
“We believe the awards demonstrate the New Zealand Government is supportive of Mosman and our drive to commercial oil production.”
The news follows the firm’s discovery of potential oil zones in its Petroleum Creek Project.
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