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DRILLING

Widespread hits oil and gas at Kotuku

NEW Zealand exploration minnow Widespread Energy has encountered some encouraging oil and gas shows while drilling its shallow well evaluating the historic Kotuku oil seeps on the West Coast of South Island.

Widespread said yesterday the drilling rig had arrived onsite last week. However, it encountered some undefined technical problems, necessitating relocation to a nearby site where it spudded the Kotuku-1A...

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