Exploration & Production | Operational Updates
NZEC Talks Taranaki, East Coast Basin Shale Activity
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New Zealand Energy Corp. has provided an update on its exploration and production activities and released the results of its third quarter ended September 30, 2012.
Highlights Fifth oil discovery in Taranaki Basin flowing 325 barrels of oil per day (bbl/day) and 800 thousand cubic feet of natural gas per day1 (mcf/day) from the Mt. Messenger formation Optimized production from the Copper Moki wells with artificial lift - increased production by 103% to 438 bbl/day and 770 mcf/day1, compared to production at the end of Q3-2012 Currently producing 1,019 boe/day2 (736 bbl/day and 1,540 mcf/day1) from four wells 155,285 barrels of oil produced and 154,533 barrels of oil sold year to date to September 30, 2012 Completing 8 metres of net pay in Arakamu-2, NZEC''s third well in its current…Finish this article — free account or subscription
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