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Reuters the latest information, the oil and Gas prices affected, the New Zealand oil and Gas co., LTD. (New Zealand Oiland Gas) return to profitability road.
It is reported, New Zealand oil and gas co., LTD., income of RMB 19.9 million New Zealand yuan, in 2011 the company losses 75.9 million New Zealand dollar. In 2011, New Zealand oil and gas co., LTD. In the park river coal mine investment losses to end, in 2010 the coal mine explosion happened, cause and miners were killed.
On August 21 exchange closing, New Zealand oil and gas co., LTD., the company's share price at $0.84 in New Zealand dollar. Earlier this year so far, the company's share price rose by 19%, while New Zealand NZX - 50 index over the same period rose only 11%.
It is understood that this year New Zealand oil and gas co., LTD. The main source of income is Kupe oil gas field, New Zealand oil and gas co., LTD. In the oil gas field the rights and interests of the share is 15%, July, Kupe oil gas field of proved reserves and possible reserves have raised. At the same time, the company also hold Tui block 12.5% of the equity share.
New Zealand oil and gas company in Tunisia and Indonesia some exploration drilling project hold certain share rights and interests, and at the same time it also holds a New Zealand several blocks of shares. The company has put park river coal mine sold to New Zealand state-owned enterprises Solid Energy company (Solid Energy), so as to make up for the loss caused by the coal mine before.