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Investment
6 mins to read
5

Kupe could have a billion barrels more oil, says geologist

Oil industry consultant concerned Genesis could sell its 46% stake without understanding its value.

The Kupe onshore gas production facility in Taranaki.

Tim Hunter Wed, 02 Aug 2023

The Kupe oil and gas field off Taranaki could contain further oil reserves worth billions of dollars and a potential huge upside for part-owner Genesis Energy, says an experienced petroleum geologist.

Mark Webster of exploration consultancy Kauri Oil & Gas says his analysis has identified two

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Tim Hunter Wed, 02 Aug 2023
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Tags
Kupe Genesis NZ Oil & Gas Kauri Oil & Gas Mark Webster Andrew Jefferies Beach Energy
Company profile
BPT
Powered by: asx logo
$1.19
Change: 1.3%
08/04/2025, 10:02 am
2025
2025
2025
2025
$1.00
$1.25
$1.50
$1.75
$1.00
$1.25
$1.50
$1.75
$1.00
$1.25
$1.50
$1.75
$1.00
$1.25
$1.50
$1.75
Price
$1.19
Previous Close
$1.175
Turnover
$181k
Movement
$0.015
Volume
150,843
Avg Daily Volume
7.4M
Daily High
$1.2075
Daily Low
$1.19
52 Week High
$1.76
52 Week Low
$1.065
Related News
Investment
3

Genesis gas field stake now worthless, say analysts
Investment
1

Gas ‘critical fuel’ as new well confirmed at Kupe
Investment
3

Genesis reports 42% increase in operating profit
General Business

Differing valuations underscore Genesis keeping Kupe

Company profile
BPT
Powered by: asx logo
$1.19
Change: 1.3%
08/04/2025, 10:02 am
2025
2025
2025
2025
$1.00
$1.25
$1.50
$1.75
$1.00
$1.25
$1.50
$1.75
$1.00
$1.25
$1.50
$1.75
$1.00
$1.25
$1.50
$1.75
Price
$1.19
Previous Close
$1.175
Turnover
$181k
Movement
$0.015
Volume
150,843
Avg Daily Volume
7.4M
Daily High
$1.2075
Daily Low
$1.19
52 Week High
$1.76
52 Week Low
$1.065
Related News
Investment
3

Genesis gas field stake now worthless, say analysts
Investment
1

Gas ‘critical fuel’ as new well confirmed at Kupe
Investment
3

Genesis reports 42% increase in operating profit
General Business

Differing valuations underscore Genesis keeping Kupe

Kupe could have a billion barrels more oil, says geologist
Investment,
100179
true
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