TAG Oil Secures Operatorship of Onshore Taranaki Basin Permits

Oil and gas producer and explorer, TAG Oil, advises that the Company has secured operatorship of Petroleum Exploration Permit ("PEP") PEP 38748 (TAG: 33.33%) and PEP 38746 (TAG: 16.65%) onshore Taranaki Basin, New Zealand.

Garth Johnson, TAG Oil CEO, commented, "We are excited to now have the opportunity to operate these high grade exploration permits. The financial challenges that our joint venture partner, Austral Pacific Energy Ltd. faces have left us to operate within timing challenges related to expenditure commitments, however we are confident we can address these problems with the New Zealand government and that TAG can pursue the full potential of these attractive permits."
 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Business Development Analyst
Expertise: Business Analyst|Business Development
Location: Chesapeake, VA
 
Attorney I
Expertise: Contracts Administration|Legal
Location: Houston, 
 
Project Engineer/Project Manager
Expertise: Project Management
Location: Baton Rouge, 
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours