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Origin Energy

Origin starts well in seabed off Waikato

Origin starts well in seabed off Waikato
Wellington, Oct 19 NZPA - Drilling has started on the first of two exploration wells in the Tasman Sea about 40km off the Waikato coast and 100km southwest of central Auckland.

Kupe Field reserves increased significantly

Kupe Field reserves increased significantly
Wellington, July 14 NZPA - The reserves of the Kupe oil and gas field off the Taranaki coast have been significantly upgraded, providing a windfall for its owners, including state-owned Genesis Energy and listed New Zealand Oil & Gas Ltd (NZOG), whose share price rose 6.3 percent.

Senior geologist talks of potential "Pacific Norway"

Wellington, June 10 NZPA - As big multinational energy explorers focus on New Zealand's offshore petroleum basins, the chief petroleum geologist for Crown Minerals, Dr Richard Cook, says the oil and gas yet to be discovered could be key drivers of the nation's economy.

Company involved in US oil spill has links to NZ

Company involved in US oil spill has links to NZ
Wellington, May 5 NZPA - One of the companies responsible for the massive oil spill in the Gulf of Mexico near the United States is a shareholder in exploration plans off the south Canterbury coast.

Good News And Bad For NZOG

Good News And Bad For NZOG
Wellington, Jan 29 NZPA - New Zealand Oil & Gas (NZOG) says commissioning of its Kupe oil field off the coast of Taranaki is progressing well and it hopes to have permanent production up and running by March.

First Shipment Of Kupe Oil Close

First Shipment Of Kupe Oil Close
Wellington, Jan 15 NZPA - The first shipment of light crude oil from the Kupe project is due to leave Port Taranaki next week.

How Risky Are Perpetual Preference Shares?

ASB, Origin Energy and Rabobank perpetual preference shares with annual interest resets seem to be a risky investment.   I feel this was unclear in the original prospectuses.

When Can I Expect The Value Of My Preference Shares To Rise?

I have always considered preference shares had two attributes compared to ordinary shares in that they have more assured dividends and should be less volatile.

Contact Energy Has Credit Ratings Downgraded

Contact Energy Has Credit Ratings Downgraded
Wellington, Sept 9 NZPA - The nation's biggest listed electricity generator Contact Energy today had some of its credit ratings downgraded by international agency Fitch Ratings.

Widespread Happy With Green Gate Takeover Of Taranaki Prospect

Wellington, July 15 NZPA - Green Gate Ltd, a Nelson-based, privately-owned oil and gas exploration company, is taking its 33.3 percent stake in on-shore Taranaki prospecting license PEP 51150 to 100 percent.

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