100% Interest: 67,880 acres
Nick's Head, PEP 50940, is located in the northern, oil-prone area of the East Coast Basin where local oil and gas seeps confirm a working hydrocarbon system. The sparsely explored area has potential for both large conventional Miocene prospects and widespread unconventional tight oil opportunities in the rich Waipawa Formation and the 300-500m thick Whangai Formation.
Expanding Our Reach North
This new permit is highly complimentary to the existing leads and unconventional tight oil opportunities identified in TAG's adjoining Waitangi Hill permit (PEP 38348). TAG Oil's field and subsurface work in PEP 38348 indicates potentially large prospects extending into this new area.