Taranaki Basin: PMP 38156-S
Cheal Exploration and Appraisal Play Fairway
§ Shallow Oil Pool: 2P = 530,000 boe § Presently producing ~300 bbls/d § All wells tied into the TAG-operated facility § Plant capacity: 2,000 bbls/d § High net back oil (op-costs @ $19/bbl) § Optimization upside in existing wells expected to increase reserve values significantly § 3D coverage of the entire area § Numerous development and exploration drilling prospects identified § New Formation to add significant reserves
Production and Development Play Fairway © 2010 Tag Oil Ltd., www.tagoil.com
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