The T-5 development well did not encounter the main reservoir target. The fault delimiting the reservoir is interpreted to be shallower (worst case scenario) than in the base case.
What is covered in the Full Insight:
Introduction to New Zealand Energy Corp.
Current Developments in Tariki-5 Well
Financial Outlook and NAV Adjustments
Projected Financial Health and Investments
Potential Developments with Gas Storage Contract
SUMMARY
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