• Commencement of drilling operating at the high impact Tariki field is likely to be delayed by two weeks.
• This has no impact on our valuation. Our unrisked NAV for the Tariki-5 well is C$4.90 per share, including C$2.50 per share for the oil target and the balance for the low risk gas target (2P reserves).
• In addition, this will will open the future gas storage business (unrisked NAV C$0.80 per share).
• The current planning indicates well drilling operations may not commence at Tariki un ....

27 Aug 2024
New Zealand Energy Corp. (TSX-V: NZ): Unconsequential delays to drilling. Tariki-5 still due to spud in September

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New Zealand Energy Corp. (TSX-V: NZ): Unconsequential delays to drilling. Tariki-5 still due to spud in September
- Published:
27 Aug 2024 -
Author:
Stephane Foucaud -
Pages:
5 -
• Commencement of drilling operating at the high impact Tariki field is likely to be delayed by two weeks.
• This has no impact on our valuation. Our unrisked NAV for the Tariki-5 well is C$4.90 per share, including C$2.50 per share for the oil target and the balance for the low risk gas target (2P reserves).
• In addition, this will will open the future gas storage business (unrisked NAV C$0.80 per share).
• The current planning indicates well drilling operations may not commence at Tariki un ....