TAG Oil Blog

What goes into the building of a drill site? When it’s in the undeveloped East Coast Basin, even a small well pad nestled in the hills can take some infrastructure work. As always though, TAG Oil is careful to work within the landscape and keep a small footprint. Here are some photos from the field of our soon-to-be-spud Waitangi
Valley-1 well.
 

The Cheal sites have been active these past few months, and we've finally gotten some photos in from the field. From Cheal A to G, we're making improvements, loading oil, and preparing to tie in more wells.

To start with the wider view before going micro with the shots below, here's one that shows TAG living harmoniously with its bovine neighbors. 

Long-time resource investor Mr. Mel Z. Zummack resides in Kelowna BC, Canada where TAG Oil originated. Ten years after first investing he’s still using the pen he received, and is still a strong supporter. From all of us at TAG: "Thanks for your continuous and unwavering support, Mel!"

If you missed last Wednesday's call with TAG CEO Garth Johnson and COO Drew Cadenhead, here's a recording here. 

Substantive and detailed, they ran through Q1 finances, a production report, and the kick-off of our 12-well drilling plan, targeting both deep and shallow oil and gas prospects. We're funding this fully ourselves, anticipating approximately $40 million to $42 million in capital expenditures, and we can't wait to bring more news as events unfold. In the meantime, have a listen to the call.