Thursday 3rd July 2008
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Shares on issue have risen to 382 million from 262 million in January. The stock fell 4.4% to NZ$1.73, having reached a record NZ$1.91 yesterday.
NZOG is been reaping its 12.5% share of output from the Tui oilfield, which was 14.2 million barrels in the year ended June 30, sold at an average US$100 a barrel.
AWE is the operator of the field and largest participant, with 42.5%. Mitsui E & P Australia Pty has 35% and Pan Pacific Petroleum NL has 10%.
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