Area Drilling

08/26/2002
New ZealandGeoSphere Exploration Ltd., Wellington, and Thomasson International Ventures Inc., Denver, were awarded 3,124 sq km PEP 38223 on the southernmost South Island.The 50-50 grantees are seeking partners to drill the Eastern Bush Tertiary prospect in the Waiau basin, which the former EEX Corp. had committed to drill under a former permit relinquished at yearend 2001 because funds could not be raised.Part of PEP 38223 also covers the Te Anau basin, where exploration is less advanced (OGJ, Jan. 13, 1997, p. 62).PortugalMohave Oil & Gas Corp., Houston, is to begin in September a 6-well shallow drilling program onshore in the Lusitanian basin.The wells are projected to 300 m in the Torr...
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