EXPLORATION

TAG Oil pins hope on new, unnamed prospect

CANADIAN junior TAG Oil is spudding the first well to test what it believes to be a significant prospect in its onshore Taranaki Cheal oil and gas field.

The Nova-1 rig (formerly the VR-500) should spud the Cheal-B8 well this weekend to test the large, unknown anomaly that effectively covers all 30sq.km of the Cheal mining lease PMP 38156. "This will...

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