New Zealand Oil & Gas Limited (AU:ECH) has released an update.
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New Zealand Oil & Gas Limited has announced the planned drilling of two additional development wells at the Mereenie Field in Australia, set to begin between December 2024 and January 2025. The venture aims to enhance gas production to meet the increasing market demand in the Northern Territory. CEO Andrew Jefferies expressed optimism about the new wells, leveraging recent scientific insights to bolster gas supply for energy needs.
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