India's Largest Database on New Projects
TAG gets strong flow test result from in Cheal-B4ST
1 June 2011: TAG Oil and (OTCQX: TAOIF) has completed flow testing operations on the Cheal-B4ST discovery well located in PML 38156, Taranaki Basin, New Zealand.
The well has now been placed on permanent production into TAG's 100per cent-owned Cheal Production Facility. The Cheal-B4ST vertical exploration well was drilled to a total depth of 1821m (5973 feet), encountering net pay in both the Urenui and Mt. Messenger Formations. Flow rates averaged 400 barrels of oil equivalent (BOE) per day (360 barrels of oil + 240 thousand cubic feet gas) after the first week of production.
The Cheal-B4ST well encountered 17 mtrs (56 feet) of net pay within the Urenui (~1400m) and Mt. Messenger (~1700m) zones. These Miocene-aged zones were isolated and tested separately, confirming oil and gas flow rates from both zones. The final completion co-mingles the two zones.
Source: PRNewswire