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[sharechat] FEG


From: "G P Thompson" <gp.thompson@bitworks.co.nz>
Date: Fri, 26 May 2000 11:48:56 +1200


It seems another Fletcher stock is in play. Fletcher Challenge Energy (FCE) has reported to have struck it rich with the Pohukura well being drilled off shore from the Methanex plant in Nth Taranaki. FCE and partners expect that this second well will confirm the prospect as the third largest gas find after Maui and Kapuni. The field is close enough to shore to enable much drilling and production facilities to be located onshore thus reducing development costs. This is all good news for the FEG share.
GPT

 
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