TAG Oil Ltd., Vancouver, (TSX-V: TAO) (OTCQX: TAOIF) has reported that the recently drilled Cheal-C1 exploration well has now set production casing to total depth, in order to production flow test the light oil potential identified in both the Mt. Messenger (~1600m), and the deeper Moki (~2,200m) formation targets. The Cheal-C1 well was drilled directionally from the new "Cheal-C site" in TAG Oil's Petroleum Mining Permit 38156 (PMP 38156) in the Taranaki Basin, New Zealand.
The Cheal-C1 well was drilled approximately 3.5 km to the northwest of the existing Mt. ...