TAG Oil Blog

Cheal A, B and C sites have new photos and new progress

Posted by Denise della Santina on Sep 25, 2012 11:07:00 AM

Cheal A is bustling, with more than 100 guys working at the site at present. We’ve poured the concrete foundations for the new Cheal gas processing plant, A-11 is nearing completion, and the final hook-ups on the new power fluid pump drives (we’re pretty excited about our Schlumberger Variable Speed Drive) will be running soon.   

Cheal-C is also being transformed, and rigs are now in place at Cheal B-5. Some photos are below, and we look forward to reporting the results of these new optimizations soon.

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TAG’s Cheal-A site neighbors go on about their business, unaffected by our oil and gas production. 

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TAG now lines all its pits for extra environmental protection. Here are the skimmer pits for rainwater run-off from the Cheal C-Site. 

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The Ensign Rig #6 is loaded up and heading over to Cheal-B5, having finished its work at Cheal C-4.

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Pouring concrete foundations for TAG's new gas plant (which is being built in Alberta) at the Cheal A-Site.

Topics: Cheal Production Facility, Taranaki, Cheal-C site, Cheal Oil Field, oil and gas production

National Bank Financial now covering TAG Oil

Posted by Denise della Santina on Sep 17, 2012 11:50:00 AM
National Bank Financialnbf logo initiates coverage on TAG Oil with an "Outperform" rating. They particularly appreciate the Company's attractive valuation, the mix of Taranaki Basin conventional oil and gas production with unconventional hydrocarbon exploration in the East Coast Basin, and our three high-impact, liquids-rich, drill-ready prospects, Cardiff and Hellfire.

Topics: third-party reports, unconventional oil, Financial coverage, oil and gas production

TAG Oil to be added to S&P/TSX SmallCap Index

Posted by Denise della Santina on Sep 14, 2012 4:10:00 PM

SandPStandard & Poor's Canadian index operations just released the results of its annual review of the S&P/TSX SmallCap Index, and they've announced that TAG Oil is being added to the S&P/TSX SmallCap Index. While company additions to an S&P equity index do not in any way reflect an opinion on the investment merits of the company, financial viability, liquidity, adequate float size, and other trading requirements must be met to qualify.

In S&P's own words, "The S&P/TSX SmallCap Index provides an investable index for the Canadian small cap market. The index is float adjusted and market cap weighted and was developed with industry input as the ideal benchmark for those with small cap exposure of the Canadian equity market."

Topics: Financial coverage

Improvements are good for TAG Oil and the neighborhood

Posted by Denise della Santina on Sep 5, 2012 10:33:00 PM
We’ve added attenuators (mufflers) on top of the power units for Nova-1 No more flaring to dirt pits for TAG! This is one of our new "flare stacks" with built in containment

(Top) No more flaring to dirt pits for TAG! This is one of our new "flare stacks" with built in containment. Though commonplace in Canada, this is a first in New Zealand. Other New Zealand operators are very interested to see how these work, as are the regulatory bodies in New Zealand.

(Left) We’ve added attenuators (mufflers) on top of the power units for Nova-1. These cut the rig noise almost in half, appreciated by neighbors and our team alike.

Cheal Production Station flare, which will be sold once the infrastructure upgrade is finished.

Cheal Production Station flare, which will be sold once the infrastructure upgrade is finished.

enjoying the winter sunshine

Here’s Jesse, a Cheal operator, enjoying the winter sunshine as TAG tankers "fill'er up."


Topics: Cheal Production Facility, Mt. Messenger, Taranaki, Cheal-C site, New Zealand, pipeline, Cheal Oil Field, oil and gas production