New Zealand Energy’s Update on Taranaki Basin and East Coast Basin

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.