Crusader Oil joins oil search at Harihari

Press, Volume CXI, Issue 32522, 4 February 1971, Page 14

Crusader Oil joins oil search at Harihari

Crusader Oil, N.L., has acquired an interest in the prospective area in Westland of the New Zealand Petroleum Company, Ltd.

Crusader’s managing director (Mr J. W. Henderson) said in Sydney yesterday that on completion of the extensive exploration programme—which includes drilling at least three wells—his company will have earned a 6.25 per cent interest in 3.2 mil-

lion acres, both on shore and off shore. New Zealand Petroleum has begun operations on the first well, Harihari No. 1; the well has a projected depth of 10,500 ft. It will test a deep structural anomaly known from

seismic survey to be more than 18 miles long and six miles wide. Crusader is participating in the programme with a group of companies which incudes Triton Oil and Gas Corp of Dallas, Texas, which owns more than 21 per cent of New Zealand Petroleum and about 40 per cent of Crusader. The other companies are Oleum Ire., of Longview, Texas (a wholly owned subsidiary of Falcon Seaboard Inc., of Houston, Texas), the Lime and Marble-Beach Petroleum consortium, and a group of investors from Dallas, Texas.