Big ONSHORE prospect potential 200 million barrels(TAG)The new...

Big ONSHORE prospect potential 200 million barrels(TAG)
The new build NRG rig has been configured to enable more efficient transport between drilling locations, so that it will attract substantially lower mobilisation and demobilisation charges than other rigs operating in New Zealand. Moving to KATE-1 site after completion of Kerosene creek drilling in Masterton by GeoDiscovery. MAY 15 SPUD
Onshore prospect drive up and drill in Kate valley-existing heavy transport routes already exist.
Cost of Kate-1 approx 0.6-1.5 millon......

Potential SP inc to over AU$5.00 from present AU$0.076 if 200mmbo in place.
50km from largest city in Sth Island. Yes in between Great South Basin and Taranaki. Thermogenic oil seeps around perimeter of massive surface anticline(15sqkm).
Very visible site. Be easy for someone to observe operations quite closely...

DYOR