EXPLORATION

Trans-Orient to deepen NZ well

CANADA'S Trans-Orient Petroleum is contemplating deepening the Boar Hill-1 stratigraphic well after it failed to intersect the targeted Wanstead Formation in the onshore East Coast Basin of New Zealand.

The Vancouver-headquartered company spudded the shallow stratigraphic well on July 2 and it reached its target depth of just over 200m a day or two later. Boar Hill-1, Trans-Orient's first New Zealand...

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