16 Jan 2020

Creditor calls for Govt to step in after Tamarind collapse

From Summer Report, 8:42 am on 16 January 2020

A New Plymouth business owed hundreds of thousands of dollars by the failed oil and gas company Tamarind Taranaki is calling on the Government to force its Malaysian-based parent company to sell its remaining New Zealand assets to help repay creditors.

Tamarind Taranaki went belly up just before Christmas after its 300 million dollar offshore drilling campaign at the Tui Field flopped.

It owes creditors about $484-million.

Our Taranaki Whanganui reporter Robin Martin reports.