Project Profile
Value: Undisclosed
Location: North of the Cheal North permit, onshore Taranaki Basin, New Zealand
Reserves: unknown
Start-up Year: -
East West Petroleum Corp together with the joint venture partner, TAG Oil Ltd. (TAG), who is the operator, hold license PEP 54876 - Southern Cross Permit. The Nova-1 rig will now move from the Cheal South Permit to the Southern Cross Permit in approximately two weeks to drill up to two wells on this new permit following completion of construction of the Southern Cross well site. Southern Cross is located immediately to the North of the Cheal North permit that contains the Company’s Cheal-E wells. All permits and consents have been granted for drilling on the Southern Cross permit.
Operators:
TAG Oil Ltd. (TAG): Operator with 50% interest
East West Petroleum Corp: 50% interest