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The Kotuku oil seeps on the South Island are considered the most significant of its type in New Zealand. Junior board company Widespread Energy now has a rig on site to drill a test bore.

Talks on the two South Island ports for Dunedin and Christchurch on a merger proposal have been sounding like a cracked record. Well, the stylus still seems to be in the groove but the speed hasn’t changed.

Eastern Corporation may be placing a stronger focus on its New Zealand coal operations after moving to sell a Queensland project to stem its latest operating loss that would have been worse had it not gone into NZ earlier this decade.

Cue Energy must thank its stars that it never left New Zealand, as its stake in the now operating Maari field was the prime factor behind a profitable December half year.

John Key this week presented his science awards for the year – a healthy acknowledgement of the scientific achievements being made in the country.

The risk and reward of drilling an expensive offshore well generally favour the downside, given that a major discovery is usually well short of being a 50% chance. McDouall Stuart looks at the upside and downside with the Hoki-1 well, now reportedly underway.

L&M Energy has wasted no time in getting into a significant coal seam gas drilling programme following the company’s merger with associated private company L&M Coal Seam Gas.