Overpromissing and under producing!

Oct 17,2012 PR:   "NZEC expects to complete its current eight well drill program in Q1-2013, an extension from original guidance of year-end 2012 and reiterates its 3000 boe/d guidance related to cumulative production at the conclusion of the eight-well program."

Jan 17,2013 PR:  The Waitapu-2 and the 3 Copper Moki (CM1,CM2,CM3)  are collectively producing an average 424 barrels of oil /day.

EOM