Australasia-focused junior explorer Mosman Oil & Gas announced Tuesday that it has been awarded three additional permits in the New Zealand government's 2014 Block Offer.
The three exploration permits are named Taramakau, Murchison and East Coast. Mosman has been awarded 100-percent ownership of all three.
Taramakau – which covers 370 square miles – is located on New Zealand's South Island and surrounds Mosman's existing permit at Petroleum Creek. Murchison – covering 190 square miles – is also located on South Island, approximately 60 miles north of Petroleum Creek. The East Coast permit is located on North Island, approximately 90 miles northeast of Wellington, and covers an area of 250 square miles.
Mosman Executive Chairman John W. Barr commented in a company statement:
"Mosman is delighted to have been awarded these permits in a competitive bid round. We have already identified prospective targets in the Taramakau permit with initial work in 2015 planned around accumulating further seismic and we believe the enlarged area is fundamental to the organic growth strategy of Mosman alongside our first permit in the South Island.
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