Field news and more

Keeping infrastructure apace with oil and gas discoveries

TAG Oil’s drilling success has surpassed its facility capabilities, so we’re investing in infrastructure expansion to help us bring all production on stream. The expansion will also help to commercialize future discoveries without delay. After drilling 14 successful oil and gas wells in a row, combined with our ongoing Taranaki drilling program, it became necessary to expand Cheal’s infrastructure, including: Triple oil-lifting capacity; Triple gas compression capacity; Build a gas plant at Cheal capable of stripping LPG and liquid hydrocarbons from Cheal gas; Build the Cheal-C site oil battery to…

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Average BOE production costs go down, as oil and gas production increases

Here’s a compelling set of figures to come out of TAG Oil’s third quarter financials.         Production revenue increased to: $12,976,714 for the quarter(nine months: $26,206,992) compared to $3,851,621 (nine months: $8,078,684) in Q3 of FY2011 Per barrel production, storage and transport costs reduced to: $6.94 per boe for the quarter(nine months: $10.73) compared to $16.57 per boe (nine months: $18.15) in Q3 of FY2011 Meanwhile,         TAG sold light oil: 94,545 barrels(nine months: 209,130) in the quarter at an average price of: $113.11 per barrel TAG…

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TAG Oil CEO & Controller visit the field

On a recent trip to Taranaki New Zealand, TAG Oil CEO Garth Johnson and Controller Dan Brown snapped some photos for the blog. They were down under for meetings with the technical team and local community leaders, and of course, to experience the new developments at TAG’s Cheal and Sidewinder oil and gas discovery areas first-hand.   

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TAG Oil Double Vision

A tanker of TAG’s crude oil drives past the TAG offices, en route from the Omata Tank Farm on the outskirts of New Plymouth, where our oil gets delivered from the Cheal field.   

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Cheal-B5 discovery well perf photos

This has been a busy and exciting couple of weeks for TAG at our Cheal permit: in less than 30 days we tested Cheal-B5 (the third well in our current 10-well drilling campaign) and got it on full time production. We didn’t know what the results would be at the time of these photos, but after perforation we flow tested 20 meters of continuous oil-and-gas pay within the 35 meters of net pay intercepted in the primary Mt. Messenger target. This is the most extensive pay interval ever recorded by…

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Donating to the Stratford and Eltham Volunteer Fire Brigades

TAG Oil is proud to support the community by funding “Hot Fire Training” for the Stratford and Eltham Volunteer Fire Brigades. The training helps the volunteer brigade practice their firefighting techniques under real fire conditions at a training facility in Stratford. They’re a tough and dedicated group, and it’s our pleasure to help them grow more accomplished in this important job. These photos from a recent training really say it all.  

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Cheal-C site testing photos

New photos of the Cheal-C site are just in from the field. The wellhead in the center with the protection around it is the Cardiff-2A-ST1, which discovered deep liquid-rich gas.

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Production and Exploration Activities Continue as Planned: Incorrect Reports in Media

A recent article in The Taranaki News entitled “Drilling opposition puts 42 out of work” reported that “TAG Oil Ltd stopped production while it waits for resource consent for 18 new wells at its Cheal sites near Stratford.”  This report is inaccurate. In fact, production has not stopped at Cheal, nor have any ongoing operations – such those related to our well testing program for our recently completed discovery wells (Cheal-C1, Cheal-C2, Cheal-A8 and Cheal B5) – been affected in any way. In addition, TAG continues to complete work-over’s on existing wells at…

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Putting the Sidewinder Oil and Gas Facility through its paces

In preparation for putting TAG’s Sidewinder Production Facility into operation, it’s getting put through its paces with final review and testing. It was a gray day in Taranaki but the “views” looked good to us.   

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Sidewinder Production Facility nears completion

Don’t let the big hole in the ground fool you…we’re very close to finishing work on our Sidewinder Oil and Gas Production Facility. We’re looking ahead to production, and more exploratory drilling, as we put the final pieces into place and make the last of the connections.  

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