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Gold/Mining/Energy : Indo-Pacific Energy Ltd. (INDX)
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To: Dan B. Brockman who wrote (734)6/18/1998 11:49:00 PM
From: Donald Lickman  Read Replies (1) of 866
 
Dan, INDX is drilling in two locations of the Taranaki Basin New Zealand with a potential immediate for a third well.

Spoke to Guidi, the Ngatoro-9 well has reached TD and results will be announced soon. This was an "infill" well into the Ngatoro-2 pool, in the Ngatoro field. A second well, Ngatoro-11 will be drilled if Ngatoro-9 is a success. The producer formation is the Mt.Messanger Sandstones and is the main objective in both of these wells.

Also the Tariki-2 well, a horizontal into the highly prolific Tikarangi Limstone. INDX contributed to the well but its main intent was to prove the Tariki prospect which lies mostly in Permit 38706 where INDX holds a working interest. Reports from Fletcher Challenge the operator, suggest a good success from initial production testing.

Also in August the Crown Prospect in permit 38716 will be drilled, again to the Tikarangi Limstone and is the next prospect on trend from the Waihapa Field wells, which are some of the most profitable oil wells in the world.

Donald
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