NZ Oil and Gas says Kupe reserves increased
Investing News Network - July 14th, 2010
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.