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Police Called in to TAG, NZEC Dispute

03/09/2012

Police Called in to TAG, NZEC Dispute

Rumours that police “raided” the New Plymouth offices of fellow Canadian listed junior New Zealand Energy Corporation last week, as well as the private residences of some NZEC executives, appear a little exaggerated though.

However, TAG chief executive Garth Johnson has confirmed to EnergyNewsPremium that his company “has laid a complaint with the police alleging the removal of confidential information from its offices”.

NZEC communications and investor relations vice-president Rhylin Bailie confirmed “the police did visit the New Plymouth office regarding a matter that does not involve any of NZEC’s activities”.

“Because it does not involve NZEC’s activities, it would not be appropriate for us to comment any further,” she said from Vancouver.

Johnson also said TAG had referred a related matter involving a former employee to the government’s Employment Relations Authority for resolution.

“TAG Oil holds itself to very high standards and such behaviour will not be tolerated,” he said.

“TAG will not comment further or discuss specifics of the complaint at this stage as we prefer to leave it to the authorities to do their job.”

New Zealand oilies have called on the police in the past to help resolve issues, such as the 2005 territorial dispute between Todd Energy and Greymouth Petroleum regarding the onshore Taranaki Ohanga wellsite.

Brazilian oil giant Petrobras also called on the police last year to help it complete an offshore East Coast seismic survey program that Greenpeace had temporarily disrupted.

However, it is very unusual for Kiwi oilies to call for police help in recovering allegedly stolen company information.

“How bizarre,” one commentator said when told of the police involvement in the TAG-NZEC matter.

The last somewhat similar incident occurred 10 years ago when the Taranaki High Court sheriff swooped on GEL Exploration's New Plymouth storage yards in a quest to apprehend the recalcitrant Texans, who allegedly owed millions of dollars to the New Zealand energy industry from their exploration activities during the late 1990s and early 2000s.

Story courtesy of Petroleum News.net