First drilling OK'd for TAG’s East Coast oil and gas search

Mon, 18 Mar 2013

March 19 (BusinessDesk) - Canadian oil and gas producer TAG Oil has gained resource consents to drill two exploratory wells in the first search for oil and gas on the East Coast of the North Island. The company, which has extensive onshore production wells and processing facilities in Taranaki, already faces some public opposition to the East Coast plans, based largely on fears the company will use hydraulic fracturing, or "fracking", to access reserves. The consent approvals, for drilling near Dannevirke, follow release a fortnight ago of a...

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