Widespread Energy applies to extend West Coast licence
New Zealand Exchange Limited
P.O. Box 2959
Wellington
7 October 2009
Dear Sir,
Widespread Energy applies to extend West Coast license onshore
Yesterday Widespread Energy filed an application with Crown Minerals to extend its existing offshore licence PEP 50439 onshore.
The application proposes to extend the area of PEP 50439 eastwards to incorporate a small onshore area that has just been relinquished at the expiry of the first term of the adjoining PEP 38521, and an already-open area northward. The area of PEP 50439, following the extension sought, will increase by approximately 251 km2 to 1,564 km2.
The extension sought arises from a re-oriented focus on the eastern, coastal, part of the permit in conjunction with the recent partial relinquishment of the more distant part. By including the adjacent onshore area, any transition zone seismic survey will be able to cross the shoreline and tie one or more well locations, which will substantially improve the ability to tie the offshore seismic data which delineate the leads and prospects identified by the Year One work programme.
In addition, Widespread will carefully review the work conducted under PEP 38521 to form an independent opinion as to the prospectivity of the inferred biogenic gas fairway along the Marsden-Kumara structural trend.
For and on behalf of the Board,
Chris D Castle
Onekaka, 7 October 2009
