Copper
Moki-1
was
drilled
in
January
this
year,
and
hit
a
12.2-metre
pay
section
at
a
depth
of
about
1800
metres.
New
Zealand
Energy
said
the
well
flowed
at
1100
barrels
per
day
of
41.8-degree
API
oil
with
some
associated
gas
over
a
48-hour
period.
"Our
team
is
working
to
advance
Copper
Moki-1
into
production
while
continuing
our
aggressive
exploration
program
to
test
additional
targets,"
said
New
Zealand
Energy
president
Bruce
McIntyre.
"We
will
continue
to
explore
in
the
Copper
Moki
area
and
initiate
testing
of
the
extensive
shale
formations
on
our
East
Coast…
