Discovery Geo president Bernett Martin said his Houston-based company was considering having a magnetic survey and possibly more seismic done in coastal Taranaki licence PEP 38722, with a view perhaps sidetracking the suspended Warea-1 well drilled last year.
The "nightmare" of a drilling programme, caused in part by hitting a volcanic intrusion, had not dimmed Discovery Geo's hope of encountering worthwhile hydrocarbons in the Eocene-aged Kapuni sands with a sidetrack or second well.
By Neil Ritchie in Auckland.
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