Monday 25th July 2011
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Shares in oil companies New Zealand Oil and Gas (NZOG) and Pan Pacific Petroleum (PPP) have been put on a trading halt on the NZX pending a material announcement.
NZOG has a 15 percent stake in PPP, and both companies have stakes in the Tui area oil fields in offshore Taranaki -- NZOG 12.5 percent and PPP 10 percent.
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