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The well intersected some 50m of a predominantly coaly Kapuni sequence, with only relatively low levels of gas, before the drill string became stuck in the hole at 4845m.
All attempts to free the drill pipe failed and finally the drill string was severed at 4304m, leaving a significant section of pipe in the hole.
New Zealand Oil & Gas said hydrocarbon indications from the Kapuni Formation were not sufficiently encouraging to warrant further drilling.
Interests in the venture include Swift Energy New Zealand 50% (operator), New Zealand Oil and Gas 20%, Origin Energy Resources NZ 20% and Indo-Pacific Energy 10%.
