Pukatea-1 hits oil

The Pukatea-1 exploration well located in PEP 51135 in New Zealand’s Taranaki Basin, has encountered an oil play in the secondary Mt. Messenger target.

Preliminary review of wireline log data acquired over the Mt. Messenger target indicates a total of 4.5 m true vertical thickness (TVT) (4.9 m measured depth (MD)) of net oil play over a 10.4 m TVT (13.7 m MD) gross interval has been penetrated.

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