Greymouth Gas Kaimiro Limited and others v GXL Royalties Limited and Swift Energy New Zealand Limited - SC 98/2009

Civil Appeal – Resource Management – Petroleum mining – Leases – Contract and interpretation – Equity – obligations – assignment – Whether Court of Appeal erred in finding that actual reasons for GXL Royalties Ltd’s refusal to consent to transfer of Swift Energy Ltd’s interests in a petroleum exploration permit, from Swift to Greymouth Gas Kaimiro Ltd, are irrelevant to the issue of whether consent was properly or improperly withheld – Whether Court of Appeal erred in confining the issue at trial to a purely objective test of whether it has been established that Greymouth has sufficient financial capability to meet the obligations under the permit and royalty deed – Whether Court of Appeal erred in failing to account in the test for the requirement of reasonableness.[2009] NZCA 433   CA  100/2009   24 September 2009