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Kupe set for fast-track development after Origin takes 50% and Mitsui 4%

23 February 2004 - Sydney-based Origin Energy has signed an agreement with state-owned energy company Genesis Power Ltd to acquire a 50% interest in the Kupe gas and oil field offshore south Taranaki and become operator of the PML 38146 mining licence.

Swift Energy estimates gas prices will exceed NZ$3 per Mcf in 2004

22 February 2004 - Houston-based Swift Energy Company estimates its prices for natural gas in New Zealand will rise to approximately US$2.20-$2.40 (NZ$3.20-$3.50) per thousand cubic feet (Mcf) in 2004, according to guidance estimates issued to investors with its 2003 year-end statement.

Greymouth Petroleum acquires 100% of Ngatoro and Goldie Fields

22 February 2004 - New Zealand owned and operated Greymouth Petroleum has recently confirmed that it is has reached agreement with New Zealand Oil & Gas Limited (NZOG) to acquire NZOG’s 35% interest in Petroleum Mining Licence PMP 38148, incorporating the Ngatoro and Goldie oil and gas fields.

NZOG to relocate from Sydney back to Wellington

22 February 2004 - New Zealand Oil and Ltd is to relocate its office from Sydney back to Wellington following an expanding range of New Zealand exploration activities and developments.

Indo-Pacific changes name to Austral Pacific Energy Ltd

21 February 2004 - Indo-Pacific Energy Ltd has changed its name to Austral Pacific Energy Ltd in conjunction with its successful raising of NZ$8 million on the New Zealand Stock Exchange.

Great South Basin interest quickens with new seismic and award of second block to Magellan

21 February 2004 - Exploration in the promising Great South Basin offshore to the south of the South Island has stepped up after little interest since eight wells were drilled in the 1970-80s.

Swift plans 7-10 wells in Taranaki in 2004

21 February 2004 - Swift Energy New Zealand expects to drill three to four wells targeting the intermediate depth Kauri sandstones and four to six wells in the Manutahi sandstone, parent company Swift Energy Company says in its 2003 year-end statement.

Kahili onshore Taranaki gas field plant to come on stream by mid-2004

20 February 2004 - Austral Pacific Energy New Zealand Ltd (formerly Indo-Pacific Energy Ltd.) and the Kahili joint venture partners have made an agreement with NGC Holdings Ltd for the sale of gas from the Kahili gas-condensate field in permit PEP 38736 onshore Taranaki.

Austral Pacific Energy to drill Cheal-3 well

20 February 2004 - Austral Pacific Energy Ltd (formerly Indo-Pacific Energy Ltd) plans to drill a third Cheal well in February in PEP 38738 onshore Taranaki after production tests showed limited oil and gas flows from the re-opened Cheal-1 well.

Recent petroleum permit changes

20 February 2004 - Christchurch-based Kenham Holdings Ltd has been awarded its 12th coal seam gas permit, PEP 38226 in Western Southland.

Methanex acquires more gas for NZ methanol plants

20 February 2004 - Vancouver-based methanol producer Methanex Corporation says in its 2003 fourth quarter report that it has sufficient contracted natural gas for its New Zealand facilities in 2004 to produce approximately 500,000 tonnes of methanol.

Award of new permits set to stimulate NZ oil and gas exploration

5 February 2004 - The Associate Minister of Energy, Harry Duynhoven, today announced the award of 13 exploration permits involving over $130 million in new investment in the Taranaki region.

2004 New Zealand Petroleum Conference set to be best yet!

27 January 2004 - How does one measure "best"? Without fail every one of the eight New Zealand Petroleum Conferences held to date has had some claim to being the "best". Be it in the content of the papers, the prestige of the keynote speakers, the enthusiasm of the delegates, the number of delegates attending, the networking done or a great conference location.

Canadian explorer CanAlaska acquires West Coast gold prospects

26 January 2004 - Canadian gold and platinum exploration company company CanAlaska Ventures Ltd, has acquired the Cascade Creek gold projects on the West Coast of the South Island and is considering listing on the New Zealand Stock Exchange.

Two new coking coal export mines planned for West Coast

26 January 2004 - Feasibility studies are planned to be completed in 2004 for a proposed new opencast mine at Millerton, north of Westport, and an underground mine at Upper Seven Mile, north of Greymouth, Solid Energy chief executive Don Elder said.

Sams Creek gold resource estimate rises 250%

25 January 2004 - The gold resource estimate for the Sams Creek gold prospect in Golden Bay at the north of the South Island has increased over 250% following encouraging drilling in the past year, Perth-based GRD NL says in its report for the third quarter of 2003.

Solid Energy establishes a record year for coal

24 January 2004 - New Zealand’s largest coal producer Solid Energy New Zealand Ltd notched up a year of records — in total production, export sales, domestic sales and profits.

Spring Creek underground coal mine to soon reach full output

24 January 2004 - The large new Spring Creek underground coal mine north of Greymouth is scheduled to reach full production of about 800,000 tonnes of coal a year by February 2004, Solid Energy South Island operations manager Wayne Merriman says.

GRD to float Oceana Gold for its New Zealand gold interests

24 January 2004 - Perth-based company GRD NL is to recapitalise its gold mining business, which operates totally in New Zealand through subsidiary GRD Macraes Ltd.

Study looks at Macraes underground mine options

23 January 2004 - GRD Macraes is carrying out a mining option study to determine some key details for its proposed underground mining of part of its large Frasers orebody at its east Otago gold mine.