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New Zealand Energy Corp. (TSXV:NZ) reported operational update on the production and operations Taranaki Basin and East Coast Basin, New Zealand’s North Island.
New Zealand Energy Corp. (TSXV:NZ) reported operational update on the production and operations Taranaki Basin and East Coast Basin, New Zealand’s North Island.
As quoted in the press release:
Taranaki Basin
- Copper Moki-1 (“CM-1″) has produced an average of 550 barrels of oil per day over the first 30 days of long-term production
- CM-1 cumulative production of 29,000 barrels of oil to date with operating netbacks of ~US$90 per barrel
Click here to read the New Zealand Energy Corp. (TSXV:NZ) press release.
