TAG Oil's Commitment to Exploration and Technology

Multiple Conventional and Unconventional Oil and Gas Targets
TAG Oil's exploration portfolio provides potential for significant discoveries, combining lower risk, conventional hydrocarbon prospects with producing fields and the encouraging oil-shale source rocks across the East Coast frontier. While focusing on mature, high impact 3-D defined prospects in the Taranaki discovery fairway—look-a-like to TAG Oil's Cheal field and others in the immediate area—exploration in the East Coast Basin is initially targeting fractured oil shale, with conventional prospects maintained as secondary targets.

Proven Exploration Technologies
TAG is a first-mover in New Zealand, at the forefront of deploying modern drilling and hydraulic fracturing techniques to our East Coast shale prospects. Technology driven unconventional exploration plays—particularly targeting oil and gas rich shale source rocks—have proven highly successful across North America and around the world. Experts predict that these new unconventional exploration technologies will continue to unlock massive new oil and gas reserves, several times greater than conventional reserves, from rich fractured shale source rocks.