| Permit | Basin | Interest | Acreage | Status |
|---|---|---|---|---|
| PMP 38156-S Cheal | Taranaki | 100% | 7,487 | Production/Exploration |
| PEP 38748 Winchester | Taranaki | 100% | 7,910 | Exploration |
| PEP 38348 Waitangi Hill | East Coast | 100% | 530,524 | Exploration |
| PEP 38349 Boar Hill | East Coast | 100% | 1,633,331 | Exploration |
| PEP 50940 Nick's Head | East Coast | 100% | 112,010 | Exploration |
TAG Oil's production and exploration operations are centered on New Zealand's North Island. Including oil and gas production and exploration activities in the Taranaki Basin and exploration in the East Coast Basin, the company manages a three-pronged operational approach to drive our operations:
First, to be an exemplary operator of the Cheal Production and Treatment Facility and Cheal Oil Field, maintaining much lower than industry average operating costs and increasing production efficiencies to maximize revenue and reserve values;
Second, to pursue cost-effective, technically leveraged "conventional" oil and gas prospects in the Taranaki and East Coast Basins;
Third, to unlock the potentially vast unconventional oil and gas resources in the fractured Waipawa Black Shale and Whangai Shale source rock formations in the East Coast Basin.