Aorere Resources says it could potentially hold a stake of more than 11 percent in a resources company which is expected to list on the alternative stock market in London next month.
The stake is dependent on the company, Mosman Oil & Gas, being able to raise £2.5 million in capital.
The capital raising is underway and listing on the London-AIM will occur when it's raised.
The stake for Aorere is part of a deal following the sale of its West Coast Kotuku oil seeps petroleum exploration permit to Mosman late last year.
The deal gives Aorere the 11.4 percent shareholding and a royalty for 2 percent of net sales revenue from the permit in the event of successful development.
