New Zealand Oil & Gas Limited operates in the Crude petroleum and natural gas sector. New Zealand Oil & Gas Ltd is a gas exploration and production company. The Company operates in three segments: Tui, Kupe and Exploration. Tui is engaged in the development, production and sale of crude oil in the petroleum mining permit area of PMP 38158 located in the offshore Taranaki basin, New Zealand. Kupe is engaged in the Development, production and sale of natural gas, liquefied petroleum gas (LPG) and condensate (light oil) in the petroleum mining license area of PML 38146 located in the offshore Taranaki basin, New Zealand. Its Exploration segment is engaged in the exploration and evaluation of hydrocarbons in the offshore Taranaki basin and offshore Canterbury basin, New Zealand. During the fiscal year ended June 30, 2010 (fiscal 2010), its Tui area oil fields produced a further 4.83 million barrels. As of June 30, 2010, Tui area oil fields have produced more than 28 million barrels of oil. During fiscal 2010, it acquired a 20% interest in PEP 51558 (Parihaka). In our complete report available for purchase the company is compared to: Carnarvon Petroleum Limited, Tap Oil Limited and Pan Pacific Petroleum NL.