London-listed
Kea
is,
however,
more
hopeful
of
striking
oil
in
and
around
the
two
dusters
at
a
later
date.
Kea
said
it
is
to
terminate
the
initial
flow
test
programme
at
the
Windgrove-2
well
onshore
Taranaki
in
New
Zealand.
“Several
intervals
of
thin
sands
within
the
Upper
Miocene
Urenui
Formation
at
depths
of
1100
to
1300
metres
were
simultaneously
tested,
and
flowed
oil
and
gas
at
low
rates,
together
with
considerable
amounts
of
water.
It
is
considered
that
economically
viable
oil
flow
rates
will
not
be
achieved
in
this
well,”
a
bourse
announcement…
