The company found the well to be naturally flowing at an average rate of more than 1,100 barrels of light oil per day including associated gas.
The well, which was drilled to a total depth of 2,100m, is located within the company’s 100%-owned Cheal oil and gas field in Petroleum Mining Permit 38156.
The well has tested a total of 18m of high quality oil-and-gas-bearing sands in the targeted Urenui and Mt. Messenger Formations, to the northeast and up-dip of the company’s recent Cheal-B5 oil well discovery.
Including the Cheal-B7 well, TAG’s current production is more than 4,000 barrel of oil equivalent (boe) per day with light oil adding another 70% to the production.
