New Zealand: Taranaki Miocene oil fairway grows

TAG Oil Ltd., Vancouver, BC, said its Sidewinder-3 exploratory well has encountered 50 ft of net oil and gas bearing sand 1.1 km south of the company’s Sidewinder 1 and 2 discoveries on PEP 38748 in the Taranaki basin.

By OGJ editors
HOUSTON, Apr. 5
– TAG Oil Ltd., Vancouver, BC, said its Sidewinder-3 exploratory well has encountered 50 ft of net oil and gas bearing sand 1.1 km south of the company’s Sidewinder 1 and 2 discoveries on PEP 38748 in the Taranaki basin.

The company drilled Sidewinder-3 to a total depth of 7,087 ft. It showed that the Miocene Mount Messenger reservoir sands extend greatly to the south of the original Sidewinder discoveries and that hydrocarbons appear to have migrated into all potentially producing sands encountered to date.

The size and scope of the discovery area is potentially much larger than originally anticipated, the company said, adding that it will have a better picture of the size of the discoveries once it has tested all three.

Meanwhile, TAG Oil will drill the Sidewinder-4 exploratory well targeting Mount Messenger 1 km east of Sidewinder-1.

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