English: View of Dampier to Bunbury Natural Gas Pipeline at Main Line Valve station #7, near Dampier, Western Australia. The 660mm diameter pipeline is the large yellow pipe in the foreground. (Photo credit: Wikipedia)
Company NR July 9
Highlights – Copper Moki gas pipeline is complete and tied in to Waihapa Production Station– Eight-well drill program to commence in early August– Copper Moki-3 is producing approximately 242 barrels of oil per day (“bbl/d“) and 135 thousand cubic feet of natural gas per day(1) (“mcf/d”)– Average production in June from Copper Moki-1 and Copper Moki-2 was approximately 688 barrels of oil equivalent per day (391 bbl/d and 1,784 mcf/d)
Copper Moki Production Update
Copper Moki-1 and Copper Moki-2 continue to flow from natural reservoir pressure, with a total of more than 132,000 barrels of oil produced to date. Copper Moki-3 flowed 7,456 barrels of oil and 4,765 mcf of natural gas1 during production testing and commenced continuous production onJuly 2, 2012. The well is producing from natural reservoir pressure out of the Mt. Messenger formation at an average rate of 242 bbl/d and 135 mcf/d1 through a 20/64 inch choke.
NZEC’s natural gas pipeline is complete and tied in to theWaihapa Production Station. The operator is finalizing arrangements to receive the gas and NZEC expects to begin generating cash flow from its natural gas production in July.
NZEC has completed a production test of Copper Moki-4, the Company’s first Urenui formation well. The well produces 29 degrees API oil which has a higher temperature pour point than Mt. Messenger oil. The well is shut in while NZEC completes the well test analyses and economic evaluation of artificial lift systems required to make a production decision for Copper Moki-4.
