Todd hoping to prove up Mangahewa bounty

TODD Energy has spudded the first of three wells designed to further appraise the Mangahewa gas-condensate field in onshore Taranaki, New Zealand.

The Wellington-headquartered private company brought the Parker Drilling Rig 188 down from Taupo, where it had been drilling some geothermal wells for government-owned Mighty River Power, late last