TAG Oil Blog

Building strong minds and bodies

Posted by Denise della Santina on Nov 26, 2014 2:48:00 PM

While our TAG team in North America is being buffeted by winter rains and cold temps, our New Zealand community is enjoying oncoming summer. And with the good weather come some of our favorite community sponsorship events. 

Surf Life Saving: a sport and a community service

Surrounded by water as we are, surf safety and respect for the ocean are ingrained in every New Zealand child from a young age. TAG contributes to hundreds of junior surf lifeguards in training, helping them with the opportunity to become full-fledged Surf Life Guards through fun training and competition.

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Never too young for surf life saving
and fun on the beaches of Taranaki. 

 

     

 

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Some challenging surf encountered by
the older surf life saving participants.

 

Meanwhile, on terra firma…

The Stratford Golf Club, sponsored by TAG Oil, held a golf tournament for primary schools in the central Taranaki region. More than 50 students took to the fairways to play in the TAG Oil Juniors tournament. And during the four weeks leading up to the tournament and a professional coach came in one day a week to provide lessons. 

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TAG’s land liaison manager Rodney Hosking, back row, was present to hand out the prizes to this fine group of golfers.

Topics: community, Taranaki, New Zealand

2014 TAG Oil Scholarship Winner

Posted by Denise della Santina on Nov 25, 2014 2:37:00 PM

TAG MatthewMatthew Kowalewski is the 2014 recipient of TAG Oil’s $5,000 scholarship, awarded annually to a promising senior from Stratford High School that is interested in an oil and gas-related field of study.

In Matthew’s case, he plans to tackle a double major in geology and physics next year at Waikato University.

In a competitive field of high-achieving local students, it was Matthew’s combination of strong academics, solid work ethic, and demonstrated leadership that impressed the TAG scholarship team. "We look for well-rounded individuals who deliver academically but also have a positive influence at school," said TAG country manager Max Murray. 

Matthew has those characteristics in spades, and we look forward to seeing what this bright and driven young man achieves in the years to come. Congratulations!

Topics: community, Announcements

Drilling and optimization work has resumed in Taranaki

Posted by Denise della Santina on Nov 14, 2014 3:14:00 PM
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There hasn’t been much blog news from the field lately, sometimes geology and science can be quiet, solitary stuff. But we’re pleased to report that as of October 2014 TAG achieved record monthly production of 1,990 BOE (76% oil) per day. 

And now with the Nova-1 drill rig back in Taranaki we’ve resumed the next wave of development, appraisal, step-out drilling, and field optimization work in our Taranaki oil and gas fields.

We’re kicking off this portion of TAG Oil’s Taranaki drilling campaign with the Cheal-E-JV-6 and the Cheal-E7 wells, acreage that we believe is prospective for high productivity wells. The strong production performance of Cheal-E1, Cheal-E4, and Cheal-E5 makes further development of the Cheal-E site particularly compelling.

 When finished, the Nova-1 drill rig will move to our Sidewinder oil and gas field to target the oil potential identified from oil shows encountered in TAG’s six Sidewinder gas wells. This acreage borders the Ngatoro/ Kaimiro field, which has been producing for 31 years, and still has millions of BOE’s of recoverable reserves remaining. 

Cardiff-3 Deep Uphole Completion Update

After further technical analysis of Cardiff-3’s lower K3E zone (which returned gas and condensate but at uneconomic rates), TAG is now in the planning stages to production test the primary uphole zones, the McKee and K1A Formations. These are both producing formations in large fields along trend to the Cardiff prospect.

Near-term anticipated schedule for Taranaki operations

Permit Number

Well Name

TAG Working Interest

Date

PEP 54877

Cheal-E-JV-6 development

70%

Nov 2014

PMP 38156

Cheal-E7 appraisal

100%

Dec 2014

PEP 54877

Recomplete Cheal-E-JV-2

70%

Jan  2015

PMP 38156

Build Cheal E to A pipeline

100%

Feb 2015

PMP 38156

Cardiff-3 uphole test

100%

Mar 2015

PEP 55769

Sidewinder-B1

100%

Apr 2015

PEP 55769

Sidewinder-B2

100%

May 2015

Topics: Taranaki, Cheal Oil Field, Sidewinder Discovery, Cardiff Deep Gas, drilling

Farewell Ron, and welcome Dr. Ellenor

Posted by Denise della Santina on Nov 7, 2014 3:21:00 PM

TAG WEB RonfAs announced via press release earlier this week, Board member Ronald Bertuzzi is retiring. In a statement Wednesday, Chairman Alex Guidi said, “I would like to personally extend my sincere appreciation to Ron for his many years of dedicated service to TAG Oil, starting back from the Company’s formative years. Ron has been an enthusiastic and valuable contributor.”

We echo that sentiment, and wish Ron the very best in retirement. So long, Ron!

Dr. Douglas Ellenor, PhD Geology will step in to join the Board. Dr. Ellenor has a proven track record of finding oil as well as managing large capital programs, including major acquisitions and divestments over the course of his career. More to come on Dr. Ellenor soon.

Topics: Announcements