Field news and more

2014 New Zealand Petroleum & Minerals Block Offer Awards

Every year, the government of New Zealand allocates petroleum exploration permits in an annual tender called a Block Offer. This year’s was the most successful to date, with 15 permits granted, totaling 405,000 square kilometers. There was strong interest from existing operators and new players, paying off New Zealand Petroleum & Minerals’ efforts to raise awareness of New Zealand’s oil and gas exploration potential, and the government’s commitment to support responsible investment in petroleum exploration.  TAG Oil received both permits that we bid on, both located in the Taranaki Basin:…

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Cheal-E6 well perforated and production testing starts

Here are some shots of our capable contractors dropping the bar to perforate the Cheal-E-JV-6 well, as we initiated production testing. The Cheal-E6 step-out well was successfully drilled to 1,939 meters (6,360 feet), and it fulfilled its main objective: to intersect oil- and gas-bearing sands in the Mt. Messenger Formation. It’s interpreted to have intersected more than nine meters (29.5 feet) of net oil- and gas-bearing sands, and the well is being completed as a potential oil well with production testing underway. Results will be known after we have a…

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Building strong minds and bodies

While our TAG team in North America is being buffeted by winter rains and cold temps, our New Zealand community is enjoying oncoming summer. And with the good weather come some of our favorite community sponsorship events.  Surf Life Saving: a sport and a community service Surrounded by water as we are, surf safety and respect for the ocean are ingrained in every New Zealand child from a young age. TAG contributes to hundreds of junior surf lifeguards in training, helping them with the opportunity to become full-fledged Surf Life…

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2014 TAG Oil Scholarship Winner

Matthew Kowalewski is the 2014 recipient of TAG Oil’s $5,000 scholarship, awarded annually to a promising senior from Stratford High School that is interested in an oil and gas-related field of study. In Matthew’s case, he plans to tackle a double major in geology and physics next year at Waikato University. In a competitive field of high-achieving local students, it was Matthew’s combination of strong academics, solid work ethic, and demonstrated leadership that impressed the TAG scholarship team. “We look for well-rounded individuals who deliver academically but also have a…

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Drilling and optimization work has resumed in Taranaki

There hasn’t been much blog news from the field lately, sometimes geology and science can be quiet, solitary stuff. But we’re pleased to report that as of October 2014 TAG achieved record monthly production of 1,990 BOE (76% oil) per day.  And now with the Nova-1 drill rig back in Taranaki we’ve resumed the next wave of development, appraisal, step-out drilling, and field optimization work in our Taranaki oil and gas fields. We’re kicking off this portion of TAG Oil’s Taranaki drilling campaign with the Cheal-E-JV-6 and the Cheal-E7 wells,…

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Farewell Ron, and welcome Dr. Ellenor

As announced via press release earlier this week, Board member Ronald Bertuzzi is retiring. In a statement Wednesday, Chairman Alex Guidi said, “I would like to personally extend my sincere appreciation to Ron for his many years of dedicated service to TAG Oil, starting back from the Company’s formative years. Ron has been an enthusiastic and valuable contributor.” We echo that sentiment, and wish Ron the very best in retirement. So long, Ron! Dr. Douglas Ellenor, PhD Geology will step in to join the Board. Dr. Ellenor has a proven…

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Congratulations to the Amber and Blacks, ITM Cup Champions!

In what was described as a composed performance in a hectic game last Saturday, team TenderLink Taranaki (commonly referred to as the Amber and Blacks) prevailed to become the ITM Cup Premiership champions! “We’re absolutely over the moon,” said flanker Mitchell Crosswell. “To do it in front of a home crowd was just fantastic. It’s amazing.” The ITM Cup is the highest level of professional, domestic New Zealand rugby union competition, and Taranaki is the first province outside “the big five” to win the title. The NZ Herald said it best: “In…

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TAG Oil sponsors a festive Taranaki community event

When most of us think of a mid-December festival, we envision frost, hot apple cider, mittens, and short days with long nights. In New Zealand, however, the annual New Plymouth Festival of Lights kicks off on December 14th to celebrate the southern hemisphere’s summer season.   Summer Scene, sponsored by TAG Oil and Horizon Energy Services, is the daytime events’ portion of the greater Festival, specially planned for children and families. It includes a scavenger hunt, a big beach dig, craft-making and a craft sale, magician shows, picnics, the return of the popular…

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Unprecedented hydrocarbon pressures put a lid on Waitangi Valley-1

For those of you who missed our conference call and press release, we began the process of plugging and abandoning the Waitangi Valley-1 well. This job follows a methodical, carefully planned process, starting with getting the drilling equipment that’s no longer necessary out of the way and back to Taranaki. That takes a couple weeks, then we move in the equipment to P&A the well, which is expected to happen shortly. There are no guarantees in any business, but based on the amount of homework we do, we always aim…

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TAG Oil sponsors Tough Kid 2014!

Tough Kid 2014, sponsored by TAG Oil and hosted by Sport Taranaki, is all set for its third year with a whopping 1,450 sold-out competitors. These primary schoolers will compete in an obstacle course that includes a water slide, tire scramble and much more, around the back fields of Yarrow Stadium. The event is designed to teach children how to overcome challenges, and to promote health and physical activity in a fun way. TAG is proud to partner with Sport Taranaki, a community-focused organization dedicated to the promotion of sport and…

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