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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

NZEC Gains W.I., Becomes Operator of East Coast Basin Wairoa Project

New Zealand Energy Corporation Westech Energy New Zealand
AnnouncedDec 13, 2013
TypeFarm-In/Farm Out
Announced Date
December 13,2013
Close Date
December 13,2013
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
1




Snapshot
Asset/Basin:
{"East Coast Basin"}
Net Acres
Location
Region
Asia - Pacific

Country
New Zealand


Calculated Metrics( EV/Category)
$/ Acre

Transaction Details:  Subscribe to see

New Zealand Energy Corp. and its wholly-owned subsidiary, NZEC Wairoa Limited have received final approval from New Zealand Petroleum & Minerals (NZPAM) to acquire 80% ownership of the Wairoa Permit (PEP 38346) from Westech Energy New Zealand, a wholly-owned subsidiary of Energy Corporation of America.

The Wairoa Permit covers 267,862 acres (1,084 km2) in the East Coast Basin of New Zealand's North Island.

In October 2012, NZEC entered into a binding agreement with Westech to become operator of the Wairoa Permit. Unlike other areas of the East Coast Basin, the Wairoa Permit has been actively…

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