Trans-Orient to resume oil/gas operations

Trans-Orient Petroleum Ltd. is set to resume direct oil and gas operations, focusing primarily in New Zealand, Papua New Guinea, and the Timor Sea region.

Offshore staff

VANCOUVER, British Columbia -- Trans-Orient Petroleum Ltd. is set to resume direct oil and gas operations, focusing primarily in New Zealand, Papua New Guinea, and the Timor Sea region.

Trans-Orient sought and was awarded permits in New Zealand for over 2.2 million acres (8,903 sq km), of which they own a 100% interest. In addition to the conventional exploration opportunities, Trans-Orient's permit areas contain fractured oil and gas shale formations that are widespread and thickly developed across the acreage, the company said.

1/16/2008

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