Nice announcement today! Highly prospective new petroleum block and strong new leader appointed....
News soon on date for spudding of KATE-1.
Potential 200million barrel prospect onshore drilling large anticline structure seeping live oil and gas around edge.
Existing heavy transport routes up onto site and close to largest city in South Island.
Expecting 15 cents easily before drilling commences.
Imagine what confirmation of French blocks or Tanon straight news would do...
DYOR
drilling onshore poss 50 bagger plus, page-13
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