Crown Minerals of New Zealand awarded PEP 38262 in response to Originís Priority in Time application for Area PEPA 38262. PEP 38262 covers some 12,630 sq km and is located in New Zealand waters to the south of Christchurch, and to the north and east of Dunedin.
The guaranteed work program for PEP 38262 includes the acquisition of a 2D seismic survey in Year 1.
Origin Energy Resources NZ Limited holds 100% equity in PEP 38262.
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