Oil and Gas Investing News » NZ Oil and Gas says Kupe reserves increased

NZ Oil and Gas says Kupe reserves increased

July 14, 2010 @ 5:06 pm In Oil & Gas Company News

On Wednesday, Explorer New Zealand Oil and Gas reported that the estimated reserves of the Kupe oil and gas field, in which it has a 15 percent stake, have been increased.

The press release is quoted as saying:

The review showed gas reserves increased by 8 percent, LPG reserves were higher by 5 percent and light oil reserves were up by 27 percent.

Click here to access the entire press release ^[1]

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[1] Click here to access the entire press release: http://www.reuters.com/article/idUSWLF00471020100714