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What is TAG Oil about?

TAG Oil Ltd. announced that flow testing of its Cheal-C1, Cheal-C2, and Cheal-A8 wells in New Zealand confirmed significant oil and gas discoveries. The Cheal-C2 well flow tested at 14 million cubic feet of gas per day. Cheal-C1 has been producing 240 barrels of oil per day and 100,000 cubic feet of gas per day. Cheal-A8 tested at 50 barrels of oil per day and 3.4 million cubic feet of gas per day. TAG CEO stated that these strong results will influence their next stage of operations and infrastructure plan

Author

pbunsmith

Language

EN