Resource News

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.

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