Octanex ends NZ adventure

THE old adage that there is “a time to hold and a time to fold” has been used by Melbourne-based explorer Octanex, which is walking away from its once significant acreage position in New Zealand’s Taranaki Basin.

Octanex replaced AWE as the biggest landlord in the offshore Taranaki Basin after AWE turned its attention to Indonesia, often picking up many of the areas previously relinquished by its Sydney-based

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