New Zealand Energy (TSE:NZ) has released an update.
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New Zealand Energy Corp. has announced a delay in the drilling operations of the Tariki-5 gas well due to mechanical issues, with new estimates suggesting commencement by September 23, 2024, and completion by November 11, 2024. Despite the setback, the company has secured necessary long lead items and permits, with a gas export and processing agreement nearing completion.
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