Field news and more

750 barrels a day…and that’s just the beginning

TAG Oil’s PMP 38156 Cheal oil and gas field is producing about 750 barrels of oil equivalent a day…so far. That’s just 4 out of the 9 flowing wells, from the relatively shallow Mt. Messenger and Urenui Formations, with a lot more drilling operations and completion work still to go. With proven and probable (2P) reserves presently assigned to only ~5% of the total Cheal Mining Permit acreage, the Cheal Mining Permit has some solid reserve and production growth potential. Especially if you look at how lightly explored the area…

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Sidewinder oil discovery flow test preparations

Prepping to commence flow testing of Sidewinder-2, Sidewinder-3 and Sidewinder-4 wells in a few weeks’ time. And we keep cranking on the Sidewinder Production Station for its anticipated completion by mid-year.

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Sidewinder-4…another oil and gas strike

Fortunately, this kind of news never gets old. The Mt. Messenger sandstones and PEP 38748 continue to pay off. The interpreted total hydrocarbon column at TAG’s Sidewinder discovery now exceeds 60 meters in thickness, with no water column evident in any of the Sidewinder wells. The Sidewinder-4 well, sidetracked to a location down-dip of Sidewinder-3, targeted a fault-bounded 3-D anomaly which intercepted a gross 29 meter-thick sandstone reservoir. Total depth is 1410 meters with 19 meters of net oil-and-gas-charged sandstones; electric logs indicate hydrocarbon charge to the base of the…

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Check out our new home

TAG’s new field office is making quite a splash in New Plymouth…mostly good…. Why not have a little fun, right?

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Third time’s a charm…Sidewinder oil and gas discovery does it again

PEP 38748 and Mt. Messenger do it again…the Company just announced that Sidewinder-3 is confirmed as a light oil and gas discovery. It’s been a busy couple of days: we drilled to 2160 meters about 1 km south of our Sidewinder-1 discovery, targeting a large anomaly ID’d on 3-D seismic. We encountered 15.4 meters of net oil-and-gas-bearing sandstones in the primary Sidewinder zone, including “free oil” observed over the shakers during the drilling operation. With each new well we can more accurately calibrate our 3-D data set and better understand…

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Saluting some of the TAG New Zealand team

You’re all rock stars!

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We’re on a roll

The sidetracked Sidewinder-2 well in PEP 38748 is confirmed as a multi-zone, light oil and gas discovery. We drilled to 1597 meters and hit 47 meters of net oil-and-gas-bearing sandstones, including “free oil” observed over the shakers during drilling…that means multiple potential pay zones. Electric log data shows excellent reservoir qualities, and better yet, even though this well has intersected and extended the main Sidewinder-1 discovery zone, we’ve also got five separate new oil-and-gas-charged pay zones, both above and below the primary target. Busy times ahead.

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Another light oil discovery at Cheal

PEP 38156 (PMP 38156) came through. We drilled Cheal-B4ST to a total depth of 1810 meters, encountering 17 meters of net oil-bearing sandstones within the Urenui and Mt. Messenger Formations. Electric logs show great porosity and permeability, indicating four separate zones are likely to be oil-charged. Two of the four zones intersected are oil-bearing zones never before encountered in wells within this permit…demonstrating that the whole 7500-acre permit area is oil-prone, with multiple shallow horizons prospective for discovery. Now it’s on to flow testing and the rest of the planned…

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Preparations for Cheal-B4ST are in full swing

Permit 38156 is a hive of activity as we lay the groundwork for the new Cheal well. Cheal-B4 was suspended by its previous operator back in 2006…we’re eager to see if our tests bear out as we think they will based on our data.

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Sidewinder-2 began drilling today

As we start drilling Sidewinder-2, we’re hoping to encounter results similar to Sidewinder-1. One well at a time; only time will tell for sure. But we have confidence in our seismic, our New Zealand field team and recent oil and gas discoveries.

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