Project Profile
Location: South Island, New Zealand
Area: 990 sq. km
Start-up Year: 01/01/2016
The Taramakau Exploration Permit covers 990 sq. km surrounding the existing Petroleum Creek permit and extending to the south and east. The geological information gained from drilling and coring the three wells and seismic surveying at Petroleum Creek in 2014r has already provided data critical to understanding the potential of the general region on the West Coast of New Zealand. All of this area has potential for petroleum exploration and development. The permit includes four identified prospects which extend beyond the boundaries of the existing Petroleum Creek permit, as well as prospective areas north and south of the Niagara-1 oil discovery, and large anticlines near Hokitika which were previously explored by Shell et al in the 1960s.
Planned exploration activities in 2015 include 30 km of new seismic and drilling and are scheduled to commence in 2016, but may be brought forward based on the identification of prospects already completed by Mosman. Mosman is the operator of the project with 100% interest.
Taramakau permit shares similar geological characteristics with Petroleum Creek Permit, South Island New Zealand. The seismic is to be acquired in the two permits at the same time to facilitate a more cost effective survey. The Taramakau permit is larger and includes additional leads and prospects that have been identified on existing seismic and wells. Originally, Taramakau was planned to be targeted in the round of seismic acquisition scheduled for later 2015 or early 2016.
Operators:
Mosman oil and gas: Operator with 100% interest