Discovery Geo Drills Duster in Western Taranaki

Texas-based independent Discovery Geo (Australia) Corporation plugged and abandoned the Rahotu-1 well, in onshore western Taranaki license PEP 38722 in New Zealand, in late September.

The well reached a target depth of 3065 meters but failed to encounter any significant hydrocarbons in the targeted Matemateaonga, Mt. Messenger and Moki formations.

Discovery Geo, with a 12.5% interest, operates the permit with US partners Manti Resources Inc, Ultra Oil & Gas Inc, MM Cone Inc and King Operating Corp.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles
Related Articles


Brent Crude Oil : $55.23/BBL 0.46%
Light Crude Oil : $52.75/BBL 0.62%
Natural Gas : $3.24/MMBtu 1.25%
Updated in last 24 hours