document: NZOG is offering equity in PEP 55794 (Totoa) in the Great South Basin. This was already aired in 2018 along with PEP 52717 in the Canterbury Basin (map below refers), but the difference now is that PEP 55794 was reduced by 50% at the end of March, with a drill-or-drop due in March 2022. The Kaipatiki prospect has been identified as the main candidate for drilling. PEP 55794 now covers 4,918 sq km in shelf + deep waters. Contact: Chris.McKeown@nzog.com.
summary: NZOG is offering equity in PEP 55794 (Totoa) in the Great South Basin. This was already aired in 2018 along with PEP 52717 in the Canterbury Basin (map below refers), but the difference now is that PEP 55794 was reduced by 50% at the end of March, with a drill-or-drop due in March 2022. The Kaipatiki prospect has been identified as the main candidate for drilling. 