Summary
SPECULATION is rife in Taranaki that oil explorers have just made their third consecutive commercial offshore strike.
The consortium drilling the Pukeko-1 wildcat well 95km off south Taranaki has announced that the semi-submersible rig Ocean Bounty has encountered what are known as drill "breaks", with major associated gas and oil shows.See the full content of this document
Extract
Industry Gushing Over Latest Oil Find
These breaks occur when the drill bit suddenly encounters underground geological formations that are easy to drill through -- sure...
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