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Contact Energy expects gas prices to rise further next year

5 September 2008, Source: Contact Energy and Lindsay Clark - The cost of natural gas is expected to rise again next year as the lower cost Maui legacy gas is exhausted, major gas user Contact Energy says.

Singapore company STP Energy takes over Awakino South-1 permit

5 September 2008, Source: STP Energy and Lindsay Clark - A Singapore-based company STP Energy Pte Ltd which has taken over ownership of offshore North Taranaki PEP 38479 exploration acreage has taken the Ensco-56 jackup rig to the Awakino South-1 wellsite.

Tui field produces 90% of AWE’s oil production in June quarter

29 August 2008, Sources: AWE and Lindsay Clark - The Tui oilfield continues to flow strongly in the June quarter producing 3.81 million barrels and averaging approximately 41,800 barrels per day, operator AWE says in its June quarter report.

AWE plans major development of wider Tui field

29 August 2008, Source: AWE and Lindsay Clark - Australian Worldwide Exploration is planning a major expansion of the Tui oil field next year.

Origin commits to drill Carrack-Caravel prospect off Dunedin

29 August 2008, Source: Origin Energy and Lindsay Clark - Origin Energy has committed to drill a deepwater exploration well into the large double prospect Carrack and Caravel which lies 65 km east of the South Island city of Dunedin.

Greymouth Petroleum flows Kowhai field gas from Matapo sands

29 August 2008, Source: Greymouth Petroleum and Lindsay Clark - Greymouth Petroleum has reported it has test flowed the first commercial gas from the Matapo sandstone formation in Taranaki at its onshore Kowhai-1 well east of New Plymouth.

Methanex more optimistic about NZ gas – may operate two plants

12 August 2008, Sources: Methanex and Lindsay Clark - Vancouver-based Methanex Corporation has expressed optimism about the longer term future of its Taranaki-based gas to methanol plants and potentially operate both of its facilities.

L&M Petroleum to drill up to 8 coal seam gas wells in Southland

12 August 2008, Sources: L&M Petroleum and Lindsay Clark - L&M Petroleum Ltd is about to begin a new programme of exploration for coal seam gas in its Western Southland onshore permits with plans to drill up to eight wells.

Huntly coal seam gas flows steadily increasing says Solid Energy

12 August 2008, Sources: Solid Energy and Lindsay Clark - Test flows of coal seam gas from appraisal wells drilled in the Huntly coal field last year have been steadily increasing production since testing began.

Solid Energy granted resource approval for Huntly East development

25 July 2008, Source: Solid Energy and Lindsay Clark - The Huntly East coal mine has been granted resource consent to mine an additional 6 million tonnes of coal over the next 10-15 years, mine owner Solid Energy says.

OceanaGold sees excellent potential for more gold discoveries

25 July 2008, Sources: OceanaGold and Lindsay Clark - Gold miner OceanaGold says there is excellent potential for additional gold discoveries at both its Macraes and Reefton gold mines.

Record 42 wells drilled in 2007 as NZ exploration activity expands

25 July 2008, Source: Ministry of Economic Development and Lindsay Clark - A record 42 petroleum wells were drilled in New Zealand in 2007 as exploration and development activity reached new heights.

Momoho-1 discovery in Kupe field a ‘small gas condensate pool’

25 July 2008, Source: Origin Energy and Lindsay Clark - Kupe gas field operator Origin Energy reports it has discovered a small gas-condensate pool at its Momoho-1 well 6 km south east of the Kupe platform in offshore South Taranaki waters.

Pohokura oil reserves rise to 61mmbbls, gas to 980 bcf

25 July 2008, Source: Ministry of Economic Development and Lindsay Clark - Oil reserves contained in New Zealand’s largest petroleum field at Pohokura offshore from New Plymouth have been lifted 38% to 61 million barrels.

Austral Pacific’s Cheal-A7 step out well finds oil

25 July 2008, Sources: Austral Pacific Energy and Lindsay Clark - Austral Pacific Energy has discovered oil bearing sands in its step-out Cheal-A7 well in its Cheal field in onshore Taranaki.

Good gas shows in Momoho-1 well in Kupe permit

9 July 2008, Source: Origin Energy and Lindsay Clark - The Momoho-1 exploration well being drilled by the Ensco 107 jackup rig 6 km south of the Kupe gas field platform has encountered good gas shows in the primary target in the Farewell Formation.

Tui oil reserves lift again to 50 million barrels

9 July 2008, Source: AWE and Lindsay Clark - Oil reserves in the Tui field in offshore Taranaki have been lifted again to 50.1 million barrels from the previous estimate of 47 million barrels.

Pike River to sell first year’s coal at US$300 a tonne

3 July 2008, Source: Pike River Coal and Lindsay Clark - West Coast coking coal mining company Pike River Coal Ltd has settled the sales price for four buyers at US$300 per tonne for deliveries in the year ended March 2009.

Neptune sees attractive margins in seafloor massive sulphides

2 July 2008, Source: Neptune Minerals and Lindsay Clark - Attractive economic margins are possible from mining seafloor massive sulphides on deep undersea volcanoes in New Zealand waters, an engineering scoping study for Neptune Minerals indicates.

Grey River gold dredge permit area tripled in size

2 July 2008, Sources: Birchfield Minerals and Lindsay Clark - The large Grey River alluvial gold dredge inland from Greymouth has been granted an extension to its mining permit area almost tripling its potential mineable acreage.