New Zealand Energy (TSE:NZ) has released an update.
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New Zealand Energy Corp. has entered into a lucrative deal through its joint venture to sell 2 petajoules of gas from the Tariki-5 well, with drilling to commence in September 2024. The agreement includes an exclusivity period for negotiating further gas storage arrangements, bolstering the company’s strategic position and financial standing with an upfront payment of NZ$2 million.
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