Tag Oil has hit hydrocarbon bearing sands in the onshore Taranaki Basin in New Zealand.
The Cheal-E6 step out well intersected more than nine metres of net oil and gas bearing sands in the Mount Messenger formation.
It is now being completed as a potential oil well with production testing to begin this week.
Tag Oil said based on the encouraging results of the Cheal-E site area, the company will now proceed with the Cheal-E7 step out well.
Recommended for you
