The Sidewinder-1 well located in New Zealand's Taranaki Basin, within TAG's 100%-controlled, 7,910 acre, Broadside exploration permit PEP 38748 was drilled to a total depth of 1,601m, and encountered oil-bearing sandstones in the Mt. Messenger Formation that indicate excellent reservoir qualities, with average porosities of 22.5% and oil saturations of 60%.