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Positive Drilling Results at Waitangi Hill
The Waitangi Hill-2 well drilled in March 2013 encounters a conventional sandstone reservoir that exhibits streaming "free oil" combined with significant pressure at 149m. This first well in the 3-well Waitangi Hill program further indicates that the East Coast Basin is an area of active light oil and gas generation.
The Waitangi Hill-2 well drilled in March 2013 encounters a conventional sandstone reservoir that exhibits streaming "free oil" combined with significant pressure at 149m. This first well in the 3-well Waitangi Hill program further indicates that the East Coast Basin is an area of active light oil and gas generation.