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New Zealand Energy Adjusts Tariki-5 Well Plans

Story Highlights

New Zealand Energy (TSE:NZ) has released an update.

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New Zealand Energy Corp. and its joint venture partner are addressing challenges with the Tariki-5 gas well by adjusting the drilling approach to ensure successful gas production. The company plans to drill a new bottomhole wellbore to intersect the reservoir more favorably, aiming for improved gas output and potential future storage.

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