New Zealand Energy Corp. report that based on its early operational success in the Taranaki basin, management has prepared a production forecast with exit rate guidance for 2012 of 3,000 barrels of oil equivalent per day.

The guidance was prepared based on the production results disclosed in the Company's statement, planned drilling of eight net additional wells in 2012, completion of a natural gas pipeline and continued performance in line with existing oil and natural gas production from Copper Moki-1 and Copper Moki-2.

Tags: New Zealand Energy Corp.