By OGJ editors
HOUSTON, Feb. 28 -- A group led by McKenzie Petroleum, Wellington, offered farmouts on three areas in 336 sq km PEP 38521 in the Westland basin south of Greymouth on the northwestern South Island.
Area A contains most of the Brunner anticline, where the 1943 SFL-1 exploration well flowed 6.5 MMcfd of 97% methane from the Oligocene Omotumoto sandstone member of the Kaiata formation at less than 900 ft before being plugged for lack of a market. The well site is 4 km from an electricity transmission line.
Area B contains the southern part of the Brunner anticline and other seismic prospects and leads. Block C is the deep oil prospective Grey Valley half-graben with the Pounamu seismic prospect and other leads.