NZ Energy Corp targeting 16 producing wells as workover programme gathers pace

Wed, 02 Apr 2014

April 3 (BusinessDesk) – Onshore Taranaki oil producer New Zealand Energy Corp. returned two previously producing wells to production last month and is advancing plans for another three to come on stream by the end of June. In a statement to the Toronto Stock Exchange overnight, NZEC said it had added 125 barrels per day to its net production totals with the return of the Waitapu-2 and Waihapa-8 wells in the Mt Messenger sandstone formations in March. The company is now examining options for bringing back three other wells – Waihapa-2, Toko-2...

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