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NZ oil company could be insolvent

CSIRO Western Australia

The company is the 100 per cent owner and operator of NZ’s Tui, Pateke and Amokura oil reservoirs in the Tui Area field, located in the offshore Taranaki Basin. In a statement posted on its website, Tamarind Taranaki said the appointment of administrators is “a result of a number of commercial factors including a deterioration …

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