Genesis gas field stake now worthless, say analysts
It would be better to sell the 46% Kupe stake for nothing than keep it, says Forbar report.
The Kupe onshore gas production facility.
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Analysts at Forsyth Barr say power company Genesis Energy would be better off giving away its 46% stake in the Kupe gas field than continuing to own and invest in the asset.
Genesis in February confirmed it would invest a further $75 million to develop another well at Kupe, saying the extra gas
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