TAG Oil Blog

We’re on a roll.

Posted by Kris Clark on Mar 14, 2011 4:57:00 PM
The guys are dirty but having a good time.

The sidetracked Sidewinder-2 well in PEP 38748 is confirmed as a multi-zone, light oil and gas discovery. We drilled to 1597 meters and hit 47 meters of net oil-and-gas-bearing sandstones, including "free oil" observed over the shakers during drilling…that means multiple potential pay zones. Electric log data shows excellent reservoir qualities, and better yet, even though this well has intersected and extended the main Sidewinder-1 discovery zone, we’ve also got five separate new oil-and-gas-charged pay zones, both above and below the primary target. Busy times ahead.

Topics: Mt. Messenger, Announcements, Sidewinder Discovery, PEP 38748

Another light oil discovery at Cheal.

Posted by Kris Clark on Mar 3, 2011 4:38:00 PM
Cheal Formation Diagram
We put this cross section together illustrating the formations we’re intersecting, including Urenui, Mt. Messenger and Moki.

PEP 38156 (PMP 38156) came through. We drilled Cheal-B4ST to a total depth of 1810 meters, encountering 17 meters of net oil-bearing sandstones within the Urenui and Mt. Messenger Formations. Electric logs show great porosity and permeability, indicating four separate zones are likely to be oil-charged. Two of the four zones intersected are oil-bearing zones never before encountered in wells within this permit…demonstrating that the whole 7500-acre permit area is oil-prone, with multiple shallow horizons prospective for discovery.

Now it’s on to flow testing and the rest of the planned wells in our Taranaki Basin acreage.

Topics: exploration well, Mt. Messenger, Urenui, Announcements, PMP 38156-D, Cheal Oil Field

Mt. Messenger’s first horizontal oil well gets exciting results.

Posted by Kris Clark on Jan 5, 2011 11:21:00 PM

We’ve tested a conservative range of low draw-down configurations at Cheal BH-1, with production rates from 400 to 500 barrels of oil equivalent (BOE) per day. Predominantly oil with no water, just how we like it.

We’ll keep testing the full production capabilities of Cheal-BH-1 with the goal of optimizing daily flow rates and maximizing long-term reserve recovery, but this alone is great news.

Cheal-BH-1 Cheal B3

Topics: Mt. Messenger, Announcements, PMP 38156-D, Cheal Oil Field, drilling

PEP 52181: An offshore exploration opportunity.

Posted by Kris Clark on Dec 14, 2010 11:17:00 PM
Kaheru Infrastructure

We just completed the acquisition of a 20% interest in offshore PEP 52181, just 8 km from shore, operated by ROC Oil.

The Permit contains the Kaheru Prospect, a Miocene-aged prospect on the same successful thrust belt play fairway as many significant Taranaki oil and gas fields, including: Rimu, Kauri, Manutahi immediately north, and the Tariki, Ahuroa, Waihapa and Ngaere (“TAWN”) fields further north. Immediately to the west, the large Kupe Gas-Condensate field is now also in full production. All in all, a good addition to our prospect portfolio.

Topics: PEP 52181, Taranaki, Announcements, offshore exploration, New Zealand, Kaheru, ROC Oil

Strong results at Sidewinder-1 flow test.

Posted by Kris Clark on Nov 1, 2010 11:09:00 PM
A thing of beauty!
It’s a thing of beauty!

Done with our 10-day sustained Sidewinder-1 production test and it’s all good. We drilled to a depth of 1601m and encountered 14 meters of net (22m gross) oil and gas bearing sandstones.

We achieved stabilized flow rates of 8.5 million cubic feet of gas plus 44 barrels of oil per day for a total of 1461 barrels of oil equivalent (“BOE”) per day, with a flowing tubing pressure of 940 psi. The 4-Point Isochronal test indicated a tubing restricted maximum gas flow rate of 13 million cubic feet per day (2167 BOE’s/day).

This may be a flow rate record from the Mt. Messenger Formation. Better still, we’ve ID’d several other lookalike prospects to drill within the permit, many accessible from the same Sidewinder surface location. Time to commercialize this discovery and initiate oil and gas production.

Topics: Mt. Messenger, Announcements, Sidewinder Discovery, drilling

Light oil discovery at Sidewinder.

Posted by Kris Clark on Sep 28, 2010 10:51:00 PM
Cementing our surface casing
Cementing our surface casing

We're quite pleased to see the results of our new light oil discovery. We drilled to a depth of 1,610 meters and hit 14 meters of net sandstone pay in the Mt. Messenger Formation. The well tested at a stabilized rate of 8.5 mmcf/d plus 44 bbl/d of oil for a total 1,461 boe/d.

And electric logs indicate excellent reservoir qualities, with average porosities of 22.5% and oil saturations of 60%.

We’ll do further testing with a couple delineation wells down-dip from the crest of the structure. Also looking at options to tie in the well…maybe build a 3 kilometre pipeline to a Vector-operated 26” trunk line. But all in all, a very exciting day for all of us here at TAG.

Topics: Mt. Messenger, Announcements, Sidewinder Discovery, PEP 38748

The Cardiff Deep Gas Discovery is TAG OIl's.

Posted by Kris Clark on Sep 14, 2010 10:11:00 PM
New Cardiff Site
This sign will be changing soon. This is the entrance to the Cheal "C" site, which happens to be our new Cardiff site on PMP 8156-D.

TAG Oil is now the proud holder of PMP 38156-D. It's within the same permit boundary as our PMP 38156-S, where we're producing oil and gas and developing discoveries in shallower formations. This ends the old permit split and TAG now controls 100% of all prospective formations within PMP 38156.

The Cardiff structure has been identified as a large anticlinal trap, some 12 km long by 3 km wide, with a number of potential pay zones within the Kapuni Sands Formation. Situated on trend and among several sizable deep gas/condensate discoveries including nearby landmark Kapuni and the prolific Mangahewa and Pohokura gas fields, the Cardiff gas/condensate discovery has the potential to become a substantial resource.

Gas with rich condensates was discovered at Cardiff within the upper Kapuni zone, which encountered 12m of net pay and flowed at over 3 million cubic feet and 100 barrels of condensate (light oil) per day with improving rates observed on long-term testing. This zone can be identified on 3D seismic to be a prospective target across the span of the Cardiff structure. And an even greater resource potential exists in the deeper K1A and K3E zones, where strong gas shows were encountered over a gross 600m interval. This will be a primary target in future Cardiff wells.

Topics: Announcements, PMP 38156-D, Cardiff Deep Gas

Taranaki oil and gas exploratory & development drilling gets started.

Posted by Kris Clark on Sep 8, 2010 9:42:00 PM

We just announced the next phase in TAG's Taranaki program: exploratory and horizontal development drilling, and workover operations within our Sidewinder exploration and Cheal oil discovery acreage.

Sidewinder is one of several prospects identified on permit-wide 3D seismic; we can’t wait to see what it yields. Simultaneously, a service rig will begin more optimization work on two wells within the Cheal Mining Permit.

Lots of work and excitement ahead.

Tons of rain
Tons of rain but our roads and lease are in great shape.
Carlos' trailer
Operations central...doesn’t look like much.

Topics: Announcements, PMP 38156-D, Cheal Oil Field, Sidewinder Discovery, drilling

Welcome to TAG Oil's new blog.

Posted by Kris Clark on Sep 7, 2010 9:31:00 PM

We wanted a spot to post photos and news from the field in New Zealand, and a blog seemed like the ideal spot. We’ll do our best to keep things fresh.

Drop by to see what we're up to behind the scenes, and to see our photos from the field. We have a lot of irons in the fire as far as exploratory drilling and production, and maybe there will be another new light oil discovery in our future. At the very least we'll have a lot of great shots of heavy machinery.

Keeping the team fueled!
First order of business: lunch. Got to keep the team fueled.

Topics: Announcements