TAG Oil is developing its 100%-owned, Cheal and Sidewinder oil and gas fields in the onshore Taranaki Basin, and has rights to undeveloped prospective formations in Taranaki.
The Company operates exploration and production permits in the Taranaki Basin, including a 40 percent interest in shallow water offshore permit Kaheru, which amounts to 57,000 net acres of land onshore and 21,000 net acres offshore.