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NEW ZEALAND

Greymouth plays for more time

GREYMOUTH Petroleum, which is drilling the first oil and gas well in living memory on the pristine Stewart Island, wants another five years to explore its part of the Great South Basin at the bottom of New Zealand.

In June the Auckland-headquartered private company transported its Rig #1 from Taranaki to the remote island to fulfill work program commitments for its sole GSB exploration lease. That leas, PEP 50122,...

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