New Plymouth, New Zealand–(Newsfile Corp. – October 8, 2024) – A company based in New Zealand, referred to as NZEC in the industry, has released an update on the progress of the Tariki-5 gas development well. The Tariki Joint Venture, comprising of NZEC Tariki Limited and L&M Energy Limited, reports that the Tariki-5 well is advancing as planned after successfully setting and cementing casing at a depth of 870 meters.
The drilling of the well is on schedule and within budget, with the geological horizons being encountered as expected. Key sections of the well are projected to be reached within specific date ranges, including the Tikorangi Limestone and Tariki Sandstone.
This news release includes forward-looking information about the company’s business, plans, and objectives. It also outlines the risks and uncertainties that may impact the actual results compared to the anticipated outcomes. The company acknowledges these potential factors and advises caution when considering forward-looking information.
For more information, please refer to the original press release at the following link: [source link].
