DRILLING

Roc targets bypassed NZ gas

SYDNEY-BASED based Roc Oil plans to drill an onshore Taranaki well into the Totara prospect, between the commercial McKee and Tariki fields, in November.

Crown Minerals says Roc plans the well after the successful completion of a A$1 million, 35 sqkm 3D seismic survey over the prospect last year.

Last April Roc Oil said that a review of mud log data from the 1987 Totara-1 well showed the well might contain 25m of previously unrecognised net gas pay in a structure believed to have a potential of 50-100 bcf of recoverable gas.

Roc also said a number of Roc’s board members had some involvement in the 1987 discovery of the nearby Aurora and Tariki gas-condensate fields (by then government-owned Petrocorp).

Listed Roc Oil holds a 40% interest in and is operator of the PEP 38767 permit, along with Westech Energy New Zealand (30%) and Bridge Petroleum (30%).

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