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TAG PNN TAG Launching Sidewinder Probe 09-17-10

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TAG launching Sidewinder probe

Friday, 17 September 2010 Neil Ritchie, New Zealand

NEW Zealand-focused Canadian junior TAG Oil is about to start its first true exploration effort in onshore Taranaki for several years with the shallow Sidewinder-1 well.
TAG chief operating officer Drew Cadenhead told PetroleumNews.net this morning at the Sidewinder wellsite, just north of TAGs Cheal oil field, that the NRG Rover Rig was due to spud the well, in lease PEP 38748, tomorrow. We are going after it again and we hope this will be the first of many exploration wells to come. The rig is scheduled to take 10 days or so to reach the wells planned total measured The NRG Rover rig drilling depth of about 1457m. Sidewinder-1 is to test two formations primarily the Miocene-aged prospect Mount Messenger Formation but also the shallower Urenui Formation.
TAG Oil's Sidewinder-1 well

Mount Messenger is the same producing formation as the offsetting Ngatoro and Kaimiro oil and gas fields owned by private New Zealand company Greymouth Petroleum. We will always be looking at the Urenui these days, which is often associated with particularly waxy flows. That used to be a problem a few years back but we are confident [of dealing with] that with new subsurface recovery techniques, Cadenhead added. Sidewinder is one of several exploration prospects TAG has identified on a previous permit-wide 3D seismic and the company will have the option to immediately drill one or more additional follow-on exploration prospects from the same surface location, dependent on results. On completion of Sidewinder-1, the Rover rig will move south to TAGs Cheal oil field to start drilling the Cheal-BH1 horizontal development well, part of TAGs optimisation program for the production lease PMP 38156-S. Sidewinder-1 is TAGs first exploration well in onshore Taranaki for over three years after a company review of the New Zealand operations following some disappointing exploration efforts that included the eastern Mangamingi-1 and Ratanui-1 wells.

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