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.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1754.52 | +2.41 | |
| Silver | 21.55 | -0.03 | |
| Copper | 3.65 | +0.04 | |
| Palladium | 1893.55 | +9.55 | |
| Platinum | 998.50 | -0.50 | |
| Oil | 77.44 | -3.51 | |
| Heating Oil | 3.26 | -0.11 | |
| Natural Gas | 7.21 | +0.43 | |