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New Zealand Energy Relinquishes East Coast Permit
May 21, 2015 7:30 AM EDT | Source: New Zealand Energy Corp.
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2015) - New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) ("NZEC" or the "Company") today announced that the Company has relinquished PEP52976 (East Cape) in the East Coast Basin of New Zealand's North Island.
"NZEC is focused on its Taranaki Basin permits that offer near-term production potential. The Company does not consider that exploitation of the East Cape permit area is viable in the current commodity price environment," said James Willis, Chairman.
On behalf of the Board of Directors
"James Willis"
Chairman
New Zealand Energy Corp.
New Zealand Energy Contacts
Chairman
James Willis
Email: info@newzealandenergy.com
Website: www.newzealandenergy.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.