MINE: NZO: Kahu-1 Exploration Well Disclosure Notice

15 Jul 2010 11:48 am

NZO 15/07/2010 MINE

REL: 1148 HRS New Zealand Oil and Gas Limited

MINE: NZO: Kahu-1 Exploration Well Disclosure Notice

NZOG (New Zealand Oil & Gas Ltd) advises that as at 0600 hours today (NZ time) the Kahu-1 exploration well was drilling ahead at a measured depth of 3,692 metres.

Progress for the week was 2,188 metres.

The forward plan for the well is to drill to a total depth of approximately 3,820 metres and complete wireline logging.

The Kahu-1 well is an exploration well within PMP 38158, located approximately 3 kilometres east of the producing Tui oil field.

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:00197296 For:NZO Type:MINE Time:2010-07-15:11:48:55

More announcements for NZO