New Zealand Energy reports strong gas flow from Tariki wells, advancing production and storage plans.

New Zealand Energy Corp. announced robust initial natural gas production from its Tariki 1A and 5A wells in New Zealand's Taranaki Basin, with flow rates of about 3 mmcf/d and 1.5 mmcf/d respectively. The company is tying production into the nearby Waihapa production station to begin gas sales, benefiting from strong local gas prices around NZ$14/mcf. These developments support their ongoing Tariki Gas Storage project and highlight potential for increased output through additional well work and infrastructure optimization. NZEC is actively pursuing funding and commercial partnerships to advance the gas storage project further.