Kea Petroleum posts successful results from Puka

Shares in AIM-listed Kea Petroleum leapt on Wednesday after the company reported successful initial results from its Puka 1 production testing in the Taranaki Basin of New Zealand.

Shares in AIM-listed Kea Petroleum leapt on Wednesday after the company reported successful initial results from its Puka 1 production testing in the Taranaki Basin of New Zealand.

The well delivered oil flow rates of up to 290 barrels of oil per day (bopd) and gas flow rates up to 2.2m cubic feet per day, with the first shipment of oil taking place on August 8th.

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