NZEC is the operator and 65% owner of the 38,717-acre Alton Permit, in partnership with L&M Energy Limited. The Alton Permit adjoins NZEC’s Eltham Permit to the east and contains numerous leads in targets similar to those found on the Eltham Permit.
In 2012 NZEC completed approximately 50 km2 of 3D seismic on the Alton property. Interpretation of the 3D seismic data revealed significant targets in the deeper Moki, Tikorangi and Kapuni formations, along with numerous targets in the shallower Mt. Messenger and Urenui formations. NZEC will prioritize these drill targets in the context of its future exploration plans, and plans to drill one Mt. Messenger well on the Alton permit in 2015 to access the Horoi target, which is in the Mt. Messenger formation.