NZ Crown releases permits over Northland, Taranaki Basins

NEW Zealand’s Crown Minerals will be offering two major acreage releases at this year’s PESA Farmin Seminar, to be held in two weeks in Perth, kicking off this year’s APPEA 2005 conference and exhibition.
NZ Crown releases permits over Northland, Taranaki Basins NZ Crown releases permits over Northland, Taranaki Basins NZ Crown releases permits over Northland, Taranaki Basins NZ Crown releases permits over Northland, Taranaki Basins NZ Crown releases permits over Northland, Taranaki Basins

The Offshore Northland Petroleum Exploration Permit Block Offer comprises five blocks in the Northland Basin, North Island, New Zealand, to be allocated by competitive staged work program bidding, according to NZ authorities.

The blocks range in area from 5229 to 10,018 square kilometres within the 50,000 square kilometre Northland Basin. The basin is highly prospective because it contains a large number of structures (at least seven larger than 100 square kilometres) known source rocks, a recent gas discovery, and the strong likelihood of good quality reservoir facies.

Only three wells have been drilled in the area of this acreage release. The area is considered to be a northern extension of the producing Taranaki Basin based on similar depositional and structural features interpreted from the few wells drilled in the area, and modern 2D seismic data. The region of interest shows potential for a significant petroleum budget.

The Offshore Outer Taranaki Basin Petroleum Exploration Permit Block Offer comprises three blocks in the Outer Taranaki Basin, North Island, New Zealand, to be allocated by competitive staged work program bidding. The basin is highly prospective because it contains a large number of structures, the strong likelihood of good quality reservoir facies in plays equivalent to producing facies in the adjacent shelf area of Taranaki Basin, and substantial untested plays.

Both block offers close on 2 December 2005.

The Farmin Seminar will be held on Sunday 10 April in Meeting Room's 2 & 3 at the Perth Convention and Exhibition Centre, Perth, Western Australia – the morning of the icebreaker function of the 2005 APPEA conference, held in the same venue.

Company representatives will review the technical and commercial aspects of their opportunities via short audio visual presentations. The seminar registration fees include a copy of the PESA 2005 Farmin Seminar Report CD (containing details of all proposals presented), morning coffee and an excellent lunch including drinks.

If you wish to make a presentation, you can contact Wolfgang Fischer for details or register on-line (http://www.pesansw.com) by no later than Thursday 24 March 2005. If you wish to attend but not present, please register by Thursday 7 April 2005.

Further details are available from: PESA 2005 Farmin Seminar Convenor, C/- PetroVentures, PO Box R746, Royal Exchange, NSW 1225 Australia. Ph. (+612) 9247 9888 Fax (+612) 9252 1083.

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