Update on Drilling Programme (1301Z)
March 12 2012 - 3:01AM
UK Regulatory
TIDMKEA
RNS Number : 1301Z
Kea Petroleum PLC
12 March 2012
For immediate release 12 March 2012
Kea Petroleum plc
("Kea" or the "Group")
Update on Drilling Programme
Puka-1 expected to spud in two weeks
Kea Petroleum Plc wishes to advise that its drilling programme
in the Taranaki basin of New Zealand is delayed due to extreme
weather conditions in the region.
Worst affected is the programme to drill Mauku which as
previously advised requires challenging access and site
preparations. The intention was to begin the drilling of Mauku with
a shallow drilling rig but Kea may now proceed to drill the entire
of the hole with the bigger rig later.
Further, Douglas 1 is now being considered to be drilled before
Mauku as the site is already prepared.
Puka 1 is now expected to spud later next week.
For further information please contact:
Kea Petroleum plc Tel: +44 (0)20 7340 9970
Ian Gowrie-Smith, Executive Chairman
David Lees, Executive Director
RBC Capital Markets Tel: +44 (0)20 7653 4000
Matthew Coakes / Daniel Conti
Buchanan Tel: +44 (0)20 7466 5000
Tim Anderson /Isabel Podda
This information is provided by RNS
The company news service from the London Stock Exchange
END
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