AWE is operator and 20% holder in the new oil fairway off Taranaki NZ. This 'fairway' ha alreday poduced 2 hits out of 2 in the past year with Tui and Amokura both hitting clean targets in the vicinity of 15~35mmb each.
Current AWE are drilling the Pukeko-1 prospect , south of the recent discoveries.
Pukeko-1 is a monster target , by NZ standards. Possibly 3 payzones of up to 80mmb each (total 240mmb).
TD to be reached later this week but 1st payzone must be very close today .... hence the nice rise in AWE and similar interst in partners PPP and NZO.
I hold.
SALTY
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