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    NZ Oil and Gas says Kupe reserves increased

    Investing News Network
    Jul. 14, 2010 04:06PM PST
    Oil and Gas Investing

    On Wednesday, Explorer New Zealand Oil and Gas reported that the estimated reserves of the Kupe oil and gas field, in which it has a 15 percent stake, have been increased.

    On Wednesday, Explorer New Zealand Oil and Gas reported that the estimated reserves of the Kupe oil and gas field, in which it has a 15 percent stake, have been increased.

    The press release is quoted as saying:

    The review showed gas reserves increased by 8 percent, LPG reserves were higher by 5 percent and light oil reserves were up by 27 percent.

    Click here to access the entire press release

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