New Zealand Oil & Gas (NZOG) have received the green light from the Australian Foreign Investment Review Board to go ahead with the acquisition of Central Petroleum’s assets in the Amadeus Basin, Northern Territory.
In May the company agreed to purchase interests in three producing Northern Territory assets from Central.
The acquisition will increase the NZOG’s 2P (proved and probable) reserves by 14.5 million barrels of oil equivalent – a near five-fold increase, with further exploration upside potential.
Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.