Further success for Tag at Cheal field

On a roll: Tag racks up fourteenth successful well at Taranaki Basin play

Canada’s Tag Oil has seen fresh flow test success at its prolific Cheal field in New Zealand’s Taranaki Basin.

The Vancouver-based player said the Cheal B7 discovery well had been flow tested and was naturally flowing at an average rate of more than 1100 barrels of light oil per day plus associated gas.

Cheal B7 is situated northeast of B5, the most recent discovery at the field. Drilled to a total depth of around 2100 metres, B7 encountered a total of 18 metres of high-quality oil-and-gas bearing sands within the targeted Urenui and Mt. Messenger Formations, the company said.

Chief executive Garth Johnson said the results from Cheal B7 made…

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