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EXPLORATION

NZEC broadens search

CANADA-listed New Zealand Energy Corporation is hunting for oil and gas beyond its Copper Moki discovery in its onshore Taranaki exploration Eltham lease PEP 51150.

NZEC spudded the Waitapu-1 well - the first of possibly eight wells it plans to drill by early 2013 - last Sunday. The well is primarily targeting the shallow Miocene-aged Mount Messenger Formation sandstones...

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