yes"Tag had a "risk valuation" for Kate-1 of US$245 million...

yes

"Tag had a "risk valuation" for Kate-1 of US$245 million (NZ$336 million).
TAG geologist said, "there is nothing better than seeing a big surface anticline with oil seeps."
Thermogenic oil= LIVE OIL
Initial 2-D seismic has been completed and has confirmed that the anticline formation continues at depth. A potential reservoir is located at approximately 1,200 metres depth and if this reservoir structure is full, TAGs volumetric calculations indicate as much as
200 MILLION BARRELS OF OIL may be associated with this structure"