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New Zealand Energy Corp. (TSXV:NZ) provided an update on production at its Eltham Permit in the Taranaki Basin.
New Zealand Energy Corp. (TSXV:NZ) provided an update on production at its Eltham Permit in the Taranaki Basin.
As quoted in the press release:
Over a three day period, the 1-32 well tested cumulative volumes of 950 barrels of light oil and 4.8 Mmcf of liquids rich natural gas (70 barrels of liquids per million cubic feet of gas). A pumpjack will be installed and the well is expected to be on production by the end of July 2012.
Click here to read the New Zealand Energy Corp. (TSXV:NZ) press release.
