The Ellice Islands become the independent nation of Tuvalu in 1978.

The Solomon Islands, the scene of such major World War II battles as Guadalcanal, also gain independence in 1978.

Muldoon reportedly travels to the United States to meet top Rockefeller-connected officials including Warren Christopher, Deputy Secretary of State, and Richard Holbrooke, who are in charge of the State Department’s new “South Pacific Desk” allegedly established by Rockefeller to target exploitation of both New Zealand and Australia.

In Los Angeles, Muldoon allegedly meets with top Rockwell executives Robert Anderson (Rockwell Chairman, also a director of the Security Pacific National Bank supposedly owned by Kashoggi) and P. Larkin (Rockwell Director and Chairman of Security Pacific National Bank Executive Committee and Marac director).

Muldoon establishes Petrocorp in April, 1978.

New Zealand taxpayers cover exploration costs; Big Oil controls all distribution outlets.

Muldoon allegedly blocks development of Maui B as restructured supplies mean higher prices and greater profits for Shell.BP/Todd.

The South Island gas market remains undeveloped as the Great South Basin fields are closer than Kapuni.

Plans are allegedly developed for opening New Zealnd’s National Parks for mineral exploitation.

Brierley’s declared assets reach a reported $200 million, with shareholders’ funds totaling only $17 million.