NZO
12/06/2008
MINE
REL: 0934 HRS New Zealand Oil and Gas Limited
MINE: NZO: Momoho Exploration Well Disclosure Notice
New Zealand Oil & Gas Ltd (NZOG) advises that as of 2.00pm on 11th June, the
weather had abated and the drilling rig ENSCO 107 was mobilising to the
Momoho location. Over the past week the operator had been waiting for
suitable weather conditions to safely move the rig from the Kupe Platform.
Over the coming week, the rig is expected to jack-up on the Momoho location
and undertake the necessary preparations to start drilling (spudding).
Spudding of the well is anticipated for 15th June.
The well is expected to take approximately 51 days to drill and planned
section depths are as follows:
Section 36 inch 22 inch 17 inch 12-1/4 inch 8-1/2
inch
Depth 170.5m 550m 1,830m 2,855m 3,142.5m
*Depths are cumulative and show total well depth measured below the rotary
table (MDBRT).
Momoho is approximately 6km southeast of the Kupe central field.
ENDS.