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NEW ZEALAND

TAG streamlines portfolio

NEW Zealand-focused Canadian junior TAG Oil has surrendered portions of a second onshore east coast exploration lease as it embarks on drilling the more southern historic Waitangi Hill shallow light oil discovery.

TAG streamlines portfolio

Chief operating officer Drew Cadenhead told PetroleumNews.net in New Plymouth this morning that TAG had surrendered 541 square kilometres, or about 25%, of lease PEP 38348 (Waitangi Hill) but was still...

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