DRILLING

NZEC spinning Ranui-2 drill bit

CANADIAN company New Zealand Energy Corporation has spudded its first onshore East Coast Basin well, Ranui-2, and expects to finish drilling its second Copper Moki well in onshore Taranaki by the end of the month.

NZEC said overnight that it started drilling Ranui-2, in exploration lease PEP 38342, last Saturday and expected to take about three weeks to complete drilling and coring operations. NZEC will core...

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