Blocks
PEP 51153 and PEP 51155 were awarded in September 2008 to Rawson Taranaki Ltd.(30%), Hardie Energy New Zealand(30%) and Kea Petroleum Ltd(40% and Operator).
In PEP
51153 the year 1 program is to drill Puka-1, spend NZ$650,000 on seismic
and conduct gravity and geochemical surveys. In PEP 51155 the year 1
program is to spend NZ$1,00,000 seismic and conduct gravity and geochemical
surveys, followed by a well commitment at 20 months.