Next door just hit Oil, page-4

They have the permits next to Mosman in NZ which you can see on their website, I spoke to Tor the MD earlier this week and they have been concentrating on their OZ assets but are watching carefully, obviously if Mosman's discovery is commercial then they will take action, he gave their chances as 6/10 by the way!
I had never even heard of this company until this week and only found it while researching MSMN, however with COI at a 52w low you would expect a reaction to the shareprice on any decent news from MSMN, I have not bought in here as there seems little interest but will on any positive news that should be either tomorrow or next week., obviously COI are focused on CGM and coal rather than Oil which I guess is why they have not bothered with their permits so far...hopefully this may change, as most of the Oil action is concentrated on North Island and practically nothing on the South as I'm sure you are aware