Project Profile
Value: Undisclosed
Location: 150 km north east of Wellington, New Zealand
Reserves: Unknown
Production: Unknown
Area: 667 sq. km
Depth: Unknown
Start-up Year: 01/01/2016
The East Coast Exploration Permit covers 667 sq. km. This permit is approximately 150 km north east of Wellington on the east coast of the North Island. Over 300 oil and gas seeps have been identified in the greater onshore East Coast Basin. Several of them have been sampled and geochemically tested for hydrocarbon typing, which included source rock identification. Small volumes of oil have been produced historically from shallow onshore wells and pits located proximal to the Waitangi and Totangi oil seeps. More than 40 wells were drilled between 1955 and 2013 in the East Coast Basin, three of these were located offshore and all encountered significant gas shows.
Several wells drilled onshore have encountered significant gas, with a high-pressure dry gas discovery made in 1998 at the Kauhauroa-1 well near Wairoa. In addition, gas flows were recorded at Te Hoe-1. Numerous vintage wells such as the Waewaepa-1, Waipatiki-1, Waipatiki-2, and the Westcott-1 have encountered significant oil and/or gas shows. Most recently, TAG Oil Ltd released press statements and disclosed in their quarterly statements during 2013 that the Ngapaeruru-1 well (drilled in 2013) encountered high shale gas readings and indications of moveable hydrocarbons in the Whangai Formation. The well is currently suspended pending testing. Mosman believes this area could develop into a significant shale play. Planned activities include the acquisition of regional geochemical information and general desktop research and review. Mosman is the operator of the project with a 100% interest.
Operators:
Mosman oil and gas: Operator with 100% interest
Contractors:
Subcontractors: