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New Zealand Oil and Gas Limited - Announcements
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NZO
26/06/2008
MINE
REL: 0913 HRS New Zealand Oil and Gas Limited
MINE: NZO: MOMOHO EXPLORATION WELL DISCLOSURE NOTICE
26 June 2008
MOMOHO EXPLORATION WELL DISCLOSURE NOTICE
New Zealand Oil & Gas Ltd (NZOG) advises that as at 2.00pm on 25 June, the
following operations have been completed on Momoho 1:
The 22 inch section was drilled to a final depth of 561m MDRT (measured depth
below rotary table).
The 18 5/8 inch casing has been run and cemented as programmed.
The blowout preventers have been installed and the 17 inch section is
currently being drilled at 1355m MDRT.
Over the coming week, the rig is expected to complete drilling the 17 inch
hole section and run the 13 3/8 inch casing.
Momoho is an exploration well 6 kms southeast of the Kupe central field, off
the coast of South Taranaki. Drilling began on 13 June 2008 and progress to
date is summarised as follows:
Well section: 36inch 22inch 17inch 12 1/4inch
8-1/2inch
Planned Depth: 170.5m 550m 1,830m 2,855m 3,142.5m
Actual Depth*: 180m 561m 1,355m
*Depths are cumulative and show total well depth measured below the rotary
table (MDRT).
The well is expected to take approximately 51 days to drill.
ENDS.
Attachment: Graphic depiction of drilling progress.
Partners in the Kupe permit PML38146 are:
Origin Energy Limited (through its subsidiary Origin
Energy Resources (Kupe) Limited)
50% (Operator)
Genesis Energy (through wholly owned subsidiaries)
31%
New Zealand Oil & Gas Limited (through wholly owned subsidiaries)
15%
Mitsui E&P Australia Pty Ltd
4%
FOR FURTHER INFORMATION PLEASE CONTACT:
Chris Roberts
Public Affairs Manager
NZOG
Telephone: (04) 495 2424 Toll free 0800 000 594
NZOG stock symbols: NZX shares - NZO options - NZOOD
ASX shares - NZO options - NZOO
Weeks
Drilled 36" hole to 180m
Drilled 22" hole to 561m
Current drilling: 17" hole
Reservoir Target