New Zealand Energy Update on Copper Moki-3 well

New Zealand Energy Corp. has achieved target depth and cased its Copper Moki-3 well in the Taranaki Basin of New Zealand's North Island.

Copper Moki-3 was drilled through the Urenui and Mt. Messenger formations to the deeper Moki formation, with a measured depth of 3,167 metres and true vertical depth of 2,633 metres.

The Company plans to test both the Moki and Mt. Messenger formations. The Company will perforate and test the Moki formation first and determine next steps for the well based on those results.