MINE: NZO: Kahu-1 Drilling Starts

28 Jun 2010 1:12 pm

NZO 28/06/2010 MINE

REL: 1312 HRS New Zealand Oil and Gas Limited

MINE: NZO: Kahu-1 Drilling Starts

NZOG (New Zealand Oil & Gas Ltd) advises that drilling of the Kahu-1 exploration well has started.

The Kan Tan IV drilling rig spudded the Kahu-1 well at 0600 hours (NZ time) this morning.

Kahu-1 is an exploration well within PMP 38158 and will test the Kapuni group sands within a large incised valley feature east of the Tui oil field.

The well is being drilled in a water depth of 122 metres and is expected to drill to a total measured depth of approximately 3,820 metres.

Participants in Kahu-1 and PMP 38158 are: New Zealand Oil & Gas Ltd (through its subsidiary Stewart Petroleum) 12.5% AWE Limited (Operator) 42.5% Mitsui E&P Australia Pty Limited 35.0% Pan Pacific Petroleum NL (through its subsidiary WM Petroleum Ltd) 10.0% End CA:00196610 For:NZO Type:MINE Time:2010-06-28:13:12:27

More announcements for NZO