Project Profile
Value: $US6.5milllion (approx)
Location: Taranaki Basin
Water depth: 30-40m
Estimated Contingent Resources: 25.9 billion cubic feet of gas and 1.7 million barrels of condensate
License area:130 km².
The project lies in a block within the Awakino area and is estimated to hold contingent resources of about 25.9bcf feet of gas and 1.7 million barrels of condensate. Loyz Energy has acquired the exploration permit in New Zealand through a US$6.5 million deal with STP Energy.
Operator:
Loyz Energy: 1000% working interest