TAG has positioned its operations with the opportunity for reserve-based growth through oil field development and lower risk exploration prospects in the comercially proven Taranaki region. The Company produces high netback oil sold primarily to Asian refineries receiving Brent Oil pricing. And the natural gas TAG produces is sold into New Zealand’s domestic gas market via a three km tie-in that links TAG’s gas infrastructure to the high-capacity LTS gas pipeline and the thriving Taranaki region.
TAG is developing two oil and gas fields with multiple zone oil and gas discoveries in the relatively shallow Mt. Messenger and Urenui formations, which encompasses an 85,000-acre prospective play area. This development provides TAG with many years of low-risk drilling opportunities with reserve and high netback production upside.Learn More
TAG has drilled its first deep well targeting deep liquids’-rich gas in Taranaki. On a mid-case P50 basis, TAG’s prospects have a combined undiscovered resource potential of 477 billion cubic feet of gas with associated 18.17 million barrels of high-value condensates.Learn More
TAG’s Kaheru prospect is located on the same thrust belt play fairway as many Taranaki oil and gas fields, and has been independently estimated by Sproule International to have a mid-range (P50) undiscovered resource potential of 17.36 million barrels of oil equivalent.Learn More
In the East Coast Basin, geotechnical work and drilling is de-risking a major unconventional oil and gas prospect in the naturally fractured shale formations. These formations compare favorably to the shale developments such as the Bakken Shale and Eagle Ford Shale in North America.Learn More