New top performing managing director last Friday and 100% new canning permit. France permit due soon, all go with japex oil exploration in Tanon straight in neighbouring permit-if oil is discovered huge rerating of ggx permit as area believed to contain 1 billion barrels, Kate -1 an onshore monster prospect and best prospect TAG geologist had ever seen.
Geological surveys by Wellington geological engineer Ian Brown, claimed there was "widespread seepage of gas and oil ” ranging from C1 to C8 (methane to Octane).
there exists a deep siltstone confining layer which would trap oil and gas underground.
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