TAG Oil recently hosted a two-day site visit for analysts and investors at its offices and operations in New Zealand. Fortunately the weather cooperated and the TAG team was able to give its guests a day-long tour of TAG’s properties, followed by an in-depth presentation covering TAG’s operations and opportunities in New Zealand and Australia.
The first stop on the asset tour was the main Cheal facility, where there was a hive of activity preparing for a planned 10-day shut down for maintenance and recertification. Following a tour of the facility, led by Tim Gray and Ryan Bierle, the next stop was Cardiff, to view testing equipment in place on the Cardiff-3 well, and then over to the Cheal E site where a wire-line rig was active onsite.
After a short stop for lunch at the local bakery in Stratford, we made a short stop by the Supplejack wellsite where the drilling rig was preparing to move to E-site to drill the E8 well, followed by a quick visit to Sidewinder.
The field tour concluded with a drive through the Port of New Plymouth and the Omata tank farm to see where TAG’s oil is stored and loaded for sale to international markets.
Finally, for those who stayed an extra day, Dr. Dave Bennett led a geological tour of the New Plymouth harbour by kayak on Saturday morning. (However, rest assured that TAG has no plans to become an offshore operator anytime soon!)
We thank this group for taking the time to come visit us in the field, and to learn more about our operations and New Zealand community.