Profile: New Zealand Oil & Gas Limited (NZO.NZ)

New Zealand Oil & Gas Limited is a New Zealand-based exploration and production company. The Company’s primary assets include Tui Area Oil Development and Kupe project. During the fiscal year ended June 30, 2009 (fiscal 2009), Tui produced 9.12 million barrels of oil (mmbbls). The Kupe project is developing a field that lies 30 kilometers off the south Taranaki coast of New Zealand, and will produce sales gas, liquefied petroleum gas and light oil/condensate. It also has investments in Pike River and Pan Pacific, an exploration portfolio. Its subsidiaries include ANZ Resources Pty Limited, Australia and New Zealand Petroleum Limited, Kupe Royalties Limited, National Petroleum Limited, Nephrite Enterprises Limited and Resource Equities Limited. The Company has interests in various oil and gas joint ventures, such as 2008 PML 38146 Kupe, PMP 38158 Tui, PEP 38483- Aihe, PEP 38499-Toke and PEP 51311-Gamma.