Discovery Geo Explores Marlborough-Cook Strait Area

Texas-based Discovery Geo (Australia) Corporation adds eighth permit to New Zealand portfolio with large exploration permit over Cook Strait and parts of onshore Marlborough in the South Island.

The permit, PEP 38343, covers as area of 6000 sq km at the south of the East Coast Basin.

The permit's northern boundary runs from offshore Wellington to Blenheim and the Waimea Valley, the western boundaries include northern coastal areas of Marlborough down to the Clarence River. The eastern boundary runs offshore Marlborough north to Palliser Bay in southern Wairarapa.

Under the work program Discovery Geo plans to delineate the outer limits of the Cape Campbell lead off the Marlborough coast as well as carry out other geological studies and seismic processing. In the second year at least 250 km of 2D seismic acquisition is required.

Discovery Geo's eight petroleum exploration permits include two onshore East Coast permits acquired last year in the Wairarapa area. These are PEP 38342 covering a 1815 sq km area around Masterton and PEP 38341 immediately north and west covering a 1723 sq km area from Eketahuna to Castlepoint.

Discovery Geo is operator of these two permits with joint 50% partner CSR New Zealand Exploration Ltd.

Discovery Geo also holds three onshore and two offshore Taranaki permits.