AWE Recommenced Production at Pateke Well

Production from the Pateke-3H well recommenced during the weekend. The well is currently flowing at a rate of 4,000 bopd, but it's expected to settle down to about 3,000 bopd. The Tui field is now flowing oil from all four wells. The Pateke well is part of the Tui project, which is situated in the offshore Taranaki Basin in PEP 38158. Interest holders in the project are AWE, serving as the operator and holding a 42.5% interest; Mitsui E&P Australia Pty Limited holding a 35% interest; New Zealand Oil & Gas Limited holding a 12.5%; and Pan Pacific Petroleum holding the remaining 10% interest.

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Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
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