New Zealand’s Austral Pacific Energy Ltd said it has finalised the commercial negotiations with Genesis Energy for the funding of the Cardiff-2 well which was initially announced on April 29 as a memorandum of understanding. Genesis Energy will acquire a 40% equity interest in respect of the deep petroleum rights in Petroleum Exploration Permit 38738…
NEW ZEALAND: Austral Pacific and Genesis sign final Cardiff-2 agreements
Posted on July 20, 2004 by EnergyAsia