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Pan Pacific Petroleum

Well near Tui finds no significant hydrocarbons

Wellington, July 19 NZPA - Hopes of finding more hydrocarbons near the Tui oil fields offshore from Taranaki have been dashed for a second time.

Blowout preventers fitted to Kahu-1 well

Blowout preventers fitted to Kahu-1 well
Wellington, July 8 NZPA - Pan Pacific Petroleum said blowout preventers are being installed to the Kahu-1 exploration well off the Taranaki coast today.

NZ sharemarket ends little changed amid corporate activity

NZ sharemarket ends little changed amid corporate activity
Wellington, June 14 NZPA - The New Zealand sharemarket closed little changed but corporate activity gave investors something to think about in two stocks, and the latest oil exploration well off Taranaki proved a disappointment.

Oil companies' shares take a hit with Tui SW-2 well result

Oil companies' shares take a hit with Tui SW-2 well result
Wellington, June 16 NZPA - Oil companies' shares listed in the New Zealand market took a blow after it was announced promising oil shows encountered at the Tui SW-2 offshore exploration well found no commercially significant oil accumulation.

NZ sharemarket opens lower, oil companies take a hit

NZ sharemarket opens lower, oil companies take a hit
Wellington, June 11 NZPA - The New Zealand sharemarket opened marginally lower, while oil companies took a slight blow with news an exploration well has not found "a commercially significant oil accumulation".

Oil shows at offshore well in Taranaki Basin

Wellington, June 10 NZPA - Oil shows have been encountered at the Tui SW-2 offshore exploration well being drilled adjacent to the producing Tui field.

Abano Healthcare enters NZX 50 Index from June 21

Abano Healthcare enters NZX 50 Index from June 21
Wellington, June 9 NZPA - Abano Healthcare Group will be added to the NZX 50 Index, while the position of Allied Farmers is still being considered, NZX said following its June quarterly index review.

NZ sharemarket tumbles, Telecom falls after earnings

NZ sharemarket tumbles, Telecom falls after earnings
Wellington, May 7 NZPA - Telecom fell to a new record low of 207 today before recovering to 213 after reporting a drop in earnings on a day equity markets around the globe were in turmoil.

NZ sharemarket turns lower after Telecom lowers guidance

NZ sharemarket turns lower after Telecom lowers guidance
Wellington, April 15 NZPA - The New Zealand sharemarket pushed ahead to its highest level in 19 months in early trading before turning lower after Telecom cut its earnings guidance for the 2011 to 2013 financial years.

NZ Sharemarket Rises As Telecom Languishes

NZ Sharemarket Rises As Telecom Languishes
Wellington, March 18 NZPA - The New Zealand sharemarket rose today even though the share price of market heavyweight Telecom languished near an all-time low set yesterday.

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