old oklahoma jed clampett type

My favorite quote RE. Kate prospect ("ITS SORT OF LIKE THE OLD OKLAHOMA JED-CLAMPETT-TYPE THING") exec vice president TAG OIL.

"Kate Prospect is a 15 sq. km mound that plays host to a number of thermogenic oil seeps at the surface, along its perimeter" TAG

"Kate is one of the most exciting in TAG's portfolio of exploration prospects," company president
Drew Cadenhead
"As a geologist, there is nothing better than seeing a big surface anticline with oil seeps."TAG


TAG presentation Drew Cadenhead about KATE oil prospect(200 million barrels)
http://events.onlinebroadcasting.com/minellc/103106/index.php?mode=1&sel_date=2 TAG

"Perhaps the most exciting prospect that TAG currently has is "Kate", which is located in the onshore portion of one of our Canterbury permits. The Kate prospect is located at a surface "anticline" which is essentially a 15 km2 "mound", protruding out of the surrounding Canterbury Plains. A number of high grade oil seeps are visible at the surface along the perimeter of this anticline. The seeping oil has been confirmed as "thermogenic"
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 MIILION BARRELS OF OIL may be associated with this structure.
Initial 2-D seismic has been completed and has confirmed that the anticline formation continues at depth.”TAG

TAG geologist said, "there is nothing better than seeing a big surface anticline with oil seeps." TAG

Cadenhead said that if Kate-1 proved the existence of a viable oil system and that structure was
full of oil, then the field could contain some tens of millions of barrels of oil. TAG

“The Kate Prospect is the one we’ve been
most excited about, and now we have the
means to start exploring it,” Mr Cadenhead
said. TAG

The city of Christchurch is the largest city
on the South Island of New Zealand and
is situated adjacent to a deep water port
at Lyttleton. Any oil discoveries made
in Canterbury can be easily transported
to Lyttleton for shipping to international
markets.TAG

The company is particularly keen to go after its
Kate prospect, an onshore prospect at
Canterbury, said Brian Jones, executive vicepresident.
“It’s sort of like the old-Oklahoma,
Jed Clampett-type thing,” said Jones.
“It could be that it’s just more sensible, given
the geology, for us simply to identify an
optimum drilling location and just poke a hole in
and see what we get,” said Jones. TAG


GOOD IDEA how about MAY 15??