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New Zealand Energy ( (TSE:NZ) ) just unveiled an announcement.
New Zealand Energy Corp. has announced significant progress in its Tariki Development project with the successful completion of the Tariki-5A well, confirming viable gas storage potential. Despite lower than expected initial flow rates, the company is expediting the first stage of its gas storage project to address New Zealand’s urgent need for additional storage capacity amid rising gas prices and seasonal volatility. Additionally, the company is working to restore production at key oil wells and advance the Copper Moki Workover project.
More about New Zealand Energy
New Zealand Energy Corp. operates in the energy sector, focusing on oil and gas exploration and production. The company is engaged in developing energy resources and infrastructure, with a market focus on advancing gas storage projects to meet increasing demand in New Zealand.
YTD Price Performance: -16.67%
Average Trading Volume: 24,641
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$16.27M
For detailed information about NZ stock, go to TipRanks’ Stock Analysis page.
