Yes I was pretty excited to see that too, but NZO posted a correction afterwards....
NZO
19/07/2007
GENERAL
REL: 1207 HRS New Zealand Oil and Gas Limited
GENERAL: NZO: NZOG MARKET RELEASE
New Zealand Oil & Gas Limited (NZOG) wishes to clarify points raised in an
article which appeared in this morning's Christchurch Press.
The article references the Tui oil field development as potentially producing
60 million barrels of oil. The reference to 60 million barrels should have
referred to the Hector exploration prospect. This prospect, which is about to
be drilled, is estimated by NZOG to contain up to 60 million barrels of oil
recoverable. The Tui oil fields are estimated to contain 27.9 million barrels
of oil recoverable.
The article is headlined "NZOG could reduce stake in Pike River Coal". NZOG
wishes to emphasise that it is committed to Pike River Coal Limited (PRCL)
including future support by way of further funding to ensure that PRCL
realises its full value by completing development of its Pike River Mine and
achieving production expeditiously.
End CA:00150967 For:NZO Type:GENERAL Time:2007-07-19:12:07:34
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