AWE has spud the Tuatara-1 exploration well and it should reach a proposed total depth of 6,644 feet (2,025 meters). The well will target the Moki Sandstones within the Tuatara prospect, which is defined by the Malvern 2D seismic survey. Situated in a water depth of about 164 feet (50 meters), Tuatara is located in PEP 38524 in the western Tasman Bay in the southern part of the offshore Taranaki Basin. AWE operates the license, holding a 60% interest.

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