new zealand oil exploration in wsj, page-2

Rivermore, that is truly interesting.

Here's the follow up link:

http://www.discover-exploration.com/assets/details/taranaki


Big question therefore, Romney had spud late November (target depth 3200m, P50 670mm BOE, Anadarko talking ahead of drill as a big gas target) and now Discover Exploration coming in when? During the drill or after the primary target? The spud for Romney-1 spud was late November, say a week before Matuku, so we have to presume that they are into the target zones by now, and now this from Discover Exploration, "multiple prospects ... are believed to be oil prone". So it's oil speak now rather than that of the giant gas field.

Romney is deepwater and further out than the OXX/NZO acreage but if they have got oil, then this certainly has to be a positive for the farm-out's you describe. Note however that Anadarko and OXX/NZO are almost certainly looking at differing potential kitchen areas.