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Further Acreage Now Available for Great South Basin Petroleum Blocks Offer
17 May 2006 - The holders of PEP 38225 have applied to surrender the permit. This surrender has been accepted to take effect from tomorrow – 18 May 2006.
The holders of PEP 38225 have applied to surrender the permit. This surrender has been accepted to take effect from tomorrow – 18 May 2006.
The draft terms of the blocks offer to be held in the Great South Basin this year excludes any area under permit at the time bidding closes. This has meant that Blocks 1, 2, 12, 13, 18-20 and 26-28 have had some acreage within the proposed permit boundaries subject to the exploration permits (PEP 38215, PEP 38228 and PEP 38225).
However, the holders of PEP 38225 have surrendered this permit. This will take effect from tomorrow – 18 May 2006.
The surrender now means that Blocks 18, 26-28 will be available for bidding, substantial portions of Blocks 19 and 20 will also be available in their entirety.
Any companies interested in the Great South Basin and who have any questions should contact Adam Feeley (Group Manager).
Adam Feeley
Group Manager
Crown Minerals Group
Ministry of Economic Development
PO Box 14873
Wellington
Phone: 021 333 539
Email: adam.feeley@med.govt.nz
