NZO
26/08/2014 15:17
MINE
REL: 1517 HRS New Zealand Oil and Gas Limited
MINE: NZO: Tui Reserves
The operator of the Tui oil fields in Petroleum Mining Permit 38158, offshore
Taranaki, New Zealand, has this afternoon published updated figures for its
Tui reserves as part of its normal market reporting.
As stated in our earlier announcement, the Tui joint venture has not agreed
an updated view following the Pateke-4H well this year. New Zealand Oil & Gas
believes Tui reserves are consistent with those estimated prior to drilling
Pateke-4H, including reserves from Pateke-4H of around 2.5 million barrels of
oil.
The resource information was estimated using a deterministic methodology.
This report is based on information compiled by Andrew Jefferies, Vice
President of Operations and Engineering at New Zealand Oil & Gas. Mr
Jefferies is a Society of Petroleum Engineers Certified Petroleum Engineer.
New Zealand Oil & Gas has a 27.5 per cent interest in Tui.
The other Tui joint venture partners are:
AWE Limited (via subsidiaries) (Operator) 57.5%?
Pan Pacific Petroleum (via subsidiaries) 15.0%
John Pagani
External Relations Manager
+64 21 570 872
End CA:00254425 For:NZO Type:MINE Time:2014-08-26 15:17:11
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