On 19 August, the firm has begun drilling of the well at its Waitapu site, nearly 1.3km south of New Zealand Energy’s Copper Moki site.
The well has a target depth of 2,172m and is expected to drill through the Mt. Messenger formation.
The company is permitting a number of new drill pads as it advances toward its objective of drilling eight conventional wells by year-end 2012 and increasing production to 3,000Boepd.
In addition, New Zealand Energy continues to expand its in-country team and has appointed James Watchorn to the position of Operations Manager.
In his position, Watchorn will focus on upstream operations, working with the company’s general manager Upstream Operations to design and execute the firm’s exploration and production strategy.
Most recently, Watchorn served as senior petroleum engineer for Origin Energy, and production and facilities manager for TAG Oil.
New Zealand Energy is an oil and natural gas company engaged in the production, development and exploration of petroleum and natural gas assets in New Zealand.
