This report details Todd Energy's view of prospectivity within Petroleum Exploration Permit (PEP) 57080, Taranaki Basin, New Zealand. The permit commenced 1 April 2015. Work presented in the report primarily includes results of interpretation of the Nimitz 3D survey and proximal 2D surveys focused on the most prospective intervals within the Paleocene-Oligocene section. Other work presented includes: Geological studies to address reservoir presence and charge migration, Facies modelling for the Late Eocene and Paleocene, a 2D structural reconstruction of the Kokako lead, and a charge study to understand source maturity and likely charge phase.