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Msg  1035 of 1797  at  4/28/2012 2:59:07 PM  by

mollyo


 In response to msg 1034 by  amstocks82
ignore topicview thread,  thread start

Re: This could be what Tag's Planning to spend the money on!

Under #9 of the Q&A for the bid process (Armstock's message 1034):

" Who selects the successful bidder and on what grounds?

A government evaluation panel will be set up to select the best applications and applicants for each block. This will include looking at the operator’s experience, technical and financial capability, risk management practices, and the proposed work program.New Zealand Petroleum & Minerals, a branch of theMinistry of Economic Development, is responsible for administering the scheme. This process may be refined in 2013 as a result of feedback on this year’s process. "
...............
 
Based on that criteria, it seems to me Tag has a good chance of getting any parcel of land they want.  They have a known history in the area of doing everything possible to be good corporate citizens.  They have spent enormous amounts of time and money consulting with all parties of interest on their exploration property in the past - land owners, the Iwi and Hapu.  They have helped to  educate local council members on the process and effects of fracking.  They have been extremely considerate of sites of local significance and historical importance.  They seem to have taken every possible appropriate measure to minimize th environmental impact of their operations. 
 
Tag has made every effort to operate in an open and transparent fashion. 
 
Not only have they taken extreme measures to have as little impact as possible on the people and environment but they also have proven business capability through all their successful drilling.  In addition they are in an excellent cash position. 
 
New Zealand should welcome Tag with open arms to do expanded business in their country.
 
For anyone not familiar with the foundation document Tag issued for the develpment of the East Coast exploration project this information packet is impressive and well worth a read:
 
Molly
 
 


 
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