Sharechat Logo

New Zealand Oil & Gas Limited (NZX: NZO) Ironbark Operations Update

Wednesday 13th January 2021

Text too small?

The Diamond Ocean Apex rig has completed its work scope and departed the Ironbark-1 well location at mid-night Monday 11th January 2021 (AWST). This will be the last update on the Ironbark-1 well operations.

NZOG Chief Executive Andrew Jefferies said “Though oil and gas exploration can be at times thankless. I would like to thank the Operator BP once again, who have managed to safely deliver a challenging well, in challenging times.

While Ironbark was unsuccessful, the world remains in need of hydrocarbons, particularly gas. We look forward to continuing our quest to find, produce and deliver the energy, that keeps showers hot, homes warm, and cooks the sausages on the summer BBQ.”

Participants in WA-359-P are BP Developments Australia Pty Ltd (Operator, 42.5%), Cue Exploration Pty Ltd (21.5%), Beach Energy limited (21%) and NZOG (Ironbark) Pty Ltd (15%).

See the link below for more details:

Ironbark Operations Update

Source: New Zealand Oil & Gas Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Chatham Rock Phosphate Limited (NZX: CRP) Chatham Successfully Completes Private Placement
Turners Automotive Group Limited (NZX: TRA) Upgrades FY21 Earnings Guidance
Blackwell Global Holdings Limited (NZX: BGI) Restructure of Business Operations
Vista Group International Limited (NZX: VGL) Vista Group appoints James Miller as Independent Director
Rakon Limited (NZX: RAK) Update of FY2021 Earnings Guidance
The a2 Milk Company Limited (NZX: ATM) Organisational Announcement
Reserve Bank of New Zealand Committed to Action as It Responds to Data Breach
MHM Automation Limited (NZX: MHM) Settlement of New Plymouth Building Sale
Napier Port Holdings Limited (NZX: NPH) First Quarter 2021 Trade Volumes
New Zealand Oil & Gas Limited (NZX: NZO) Mahato PSC Update - Oil Production

IRG See IRG research reports