OPERATIONS

Record flows for Cheal appraisal

TAG Oil's onshore Taranaki Cheal-B5 appraisal well has flowed 1700 barrels of light crude oil during initial production testing, which is believed to be a record for the shallow Miocene-aged Mount Messenger sandstones.

Vancouver-headquartered TAG said overnight that Cheal-B5 flowed at an average rate of 1870 barrels of oil equivalent per day, consisting of 1700 barrels of oil and 1.0 million cubic feet of gas per day,...

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