The Cheal-E-JV-6 step-out well operated by Tag Oil Ltd., Vancouver, BC, intersected more than 9 m of net oil and gas-bearing sands in the Mt. Messenger formation, satisfying the well’s main objective.
The well, part of New Zealand’s onshore Taranaki basin, was drilled to a total depth of 1,939 m. TAG holds 70% interest.
Cheal-E6 is being completed as a potential oil well with production testing to begin this week and, if economic, will be immediately commercialized through the company’s wholly owned production infrastructure, TAG says.
Because of the “excellent performance and continued encouraging results of the Cheal-E site area,” TAG says it will now proceed to drill the Cheal-E7 step-out well, of which the company holds 100% interest. The company in October 2013 began production-testing the Cheal E-1 and E-2 wells (OGJ Online, Oct. 2, 2014).
