NZ Oil & Gas to purchase interests in producing assets from Central Petroleum for A$29m

AUCKLAND, NEW ZEALAND: The New Zealand Oil & Gas Group has agreed to acquire interests in three gas producing projects located in Australia’s Northern Territory, Amadeus basin, currently held by Central Petroleum. The acquisition would increase the New Zealand Oil & Gas Group’s 2P (proved and probable) reserves by 14.5 million barrels of oil equivalent…