200million barrel onshore poss 50 plus bagger, page-38

Another minnow company private New Zealand company Green Gate Ltd have had the permit for years
An oil seep was uncovered during geotechnical works(for the proposed nearby landfill) on the flank of the anticline in 2003-soil gas surveys confirmed the presence of thermogenic hydrocarbons in the vicinity of the anticline

Costs are minute for this drill 600k-1.5million.
A new build rig is secured for drilling.
Awaiting spud date expected mid April at present.

The Kate anticlinal structure has a prominent surface expression as well as seismic evidence of sub-surface closures in the approximately 1,050 metre-thick sedimentary section

A onshore surface anticline with oils seeps . These are the structures they used to look for in the early days of oil exploration and are "as good as it gets" (TAG geologist)

DYOR

DYOR