TAG has completed isolated flow testing on oil-and-gas-bearing zones discovered in the Sidewinder-2 well.
These additional productive zones were encountered in the shallower Urenui Formation and in the lower Mt Messenger Formation, below the main Sidewinder gas zone discovery, which tested at stabilized rates of 8.8 million cubic feet per day.
These oil-bearing Mt Messenger sands are interpreted to be widespread in the Sidewinder permit area and will be a primary target in future exploration wells.
The Sidewinder oil and gas discoveries are located in Tag’s Petroleum Exploration Permit 38748 in the Taranaki Basin, New Zealand.
Tag also reports that testing of the Cheal-C1 exploration well confirms the oil and gas discovery in the Cheal C area.
Cheal-C1 intercepted oil and gas-bearing sands in the Mt Messenger Formation producing substantial volumes of light oil during swab testing along with clean, dry gas at rates between 1.5 million to 3 million cubic feet per day.
The Cheal oil and gas discoveries are located in Tag’s Petroleum Mining Permit 38156 in the Taranaki Basin.
