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New Zealand Energy ( (TSE:NZ) ) has shared an update.
New Zealand Energy Corp. announced successful progress in its Copper Moki workovers and the Tariki Gas Storage project. The Copper Moki-2 well has been recompleted and is producing oil, while work on Copper Moki-1 is underway. The Tariki Gas Storage project is advancing with structural remapping and reservoir modeling, aiming to restart gas flow by Q3 2025. These initiatives align with the need for energy security and the lack of large-scale storage infrastructure in New Zealand, potentially enhancing the company’s market positioning.
More about New Zealand Energy
New Zealand Energy Corp. operates in the energy sector, focusing on oil and gas production and storage. The company is involved in projects such as the Copper Moki oil wells and the Tariki Gas Storage development, aiming to address energy security and market volatility in New Zealand.
Average Trading Volume: 17,114
Technical Sentiment Signal: Sell
Current Market Cap: C$5.15M
See more insights into NZ stock on TipRanks’ Stock Analysis page.