SECTOR
TAG owns 16 exploration and production permits in the Taranaki Basin , currently operating 10 of those , including its 40 percent interest in shallow water offshore Taranaki , and interests in the East Coast and Canterbury Basins .
“ TAG ’ s East Coast prospects are in the early exploration stages , with vast potential once oil prices recover and it makes sense to continue there ,” said Toby Pierce , chief executive officer and director of TAG Oil .
Undergoing more immediate activity is the company ’ s producing acreage in the main Taranaki production fairway . Assets include the 100 per cent-owned Cheal and Sidewinder oil and gas fields in the onshore Taranaki Basin , the Cardiff
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