Onshore-Nearshore Western Taranaki Peninsula (PEP 51149)

In September 2008 Todd Energy (70%) and Mighty River Power (30%) were awarded exploration permit PEP 51149, covering 653.8 km2 of the western Taranaki Peninsula from the western boundary of Egmont National Park to the coastal fringe beyond Cape Egmont. Acquisition of new 2D seismic data was undertaken during the summer of 2008/9, together with reprocessing of existing 2D seismic data. Interpretation is in progress. The Joint Venture has been expanded to include two new participants, with equities now held by Todd Energy (40%), MRP (30%), Cue Energy (20%), Mosaic (10%) .

Go to Todd Energy news to view Taranaki Onshore Permit Round press release.

Onshore Taranaki (PEP 51156)

In September 2008, Todd Energy (100%) was awarded exploration permit PEP 51156, covering 90.4 km2 immediately southwest of the Mangahewa Field. The committed work programme for the first 15 months of the permit term includes reprocessing of multiple 3D seismic surveys and drilling of one exploration well. The seismic reprocessing programme has commenced, and the Waitui-1 exploration-appraisal well on the southern flank of the Mangahewa anticline was spudded on 29 December 2009.

Go to Todd Energy news to view Taranaki Onshore Permit Round press release.

Offshore Northern Taranaki (PEP 38602)

In April 2006, Todd Energy completed acquisition of a 90 km2 3D seismic survey in PEP 38602 over the Karewa gas discovery. Detailed interpretation of the seismic and well data, in combination with evaluation of appropriate development technologies, has led to the submission of an application for a Petroleum Mining Permit (PMP 38162) over Karewa, covering the PEP 38602 area.

Offshore Southern Taranaki (PEP 51313)

Todd Energy was awarded exploration permit PEP 51313 on 30 July 2009 for an initial 5-year term. Originally covering 1775 km2 in the southern Taranaki Basin, the permit was expanded to 2595 km2 in August 2009 to include the prospective Tasman Ridge trend formerly located within PEP 38494. Reprocessing of existing 2D seismic data in the permit area is in progress, and planning is well advanced for acquisition of a 200 km2 3D seismic survey over the Matariki Prospect in early 2010. A new Joint Venture has been formed to explore this permit, comprising Todd Energy (50%), Horizon Oil (30%) and Cue Energy (20%).

Great South Basin (PEP 50117

In July 2007, Todd Energy (10%) and ExxonMobil (90%) were awarded exploration permit PEP 50117 in the Great South Basin. This award represents an exciting new venture for Todd Energy, in association with the world's largest and most successful oil company. Acquisition of new 3D and 2D seismic data was undertaken during the summer of 2007/8, together with reprocessing of existing 2D seismic data and geological studies. Additional Joint Venture partners are being sought to participate in future exploration of the permit area.

Go to Todd Energy news to view Great Southern Basin press release.