DRILLING UPDATE BOOTH WELL IN L7 PERMIT PERTH BASIN

GENERAL

Wed, Jun 12 2024 12:34 pm

New Zealand Oil & Gas Limited [ASX & NZX : NZO] notes the press release by Triangle [ASX : TEG ] attached. The Ventia 106 rig is expected to be released to the L7 Joint Venture in early July and will take approximately 10 days to mobilise to the Booth-1 location. Expected drilling to commence in mid to late July 2024. The Permits’ Joint Venture comprise Triangle [50% & Operator of the L7 permit] , NZO(25%) and Strike Energy Ltd (ASX: STX: 25%).