DRILLING

TAG has high hopes for Cheal-C appraisal

NEW Zealand-focused Canadian junior TAG Oil says it has encountered "the highest mud log gas peak ever" with the first appraisal well of its onshore Taranaki Cheal-C oil and gas discovery and is bringing the well into production testing.

Vancouver-headquartered TAG said overnight that Cheal-C2, the first well in the company's current 10-well onshore Taranaki drilling program, had encountered free oil and "the highest mud log gas peak ever...

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