Another Australasian adventure for Singaporean

SINGAPORE'S Loyz Energy has acquired its first interest in a New Zealand exploration lease, farming into the largely offshore Taranaki permit containing the marginal Awakino South gas discovery north of New Plymouth.

According to Upstream Online, Loyz has taken a 90% stake in lease PEP 38479 from fellow Singapore-based STP Energy for $US6.5 million ($A6.