Exploration & Production
East West Cheal Well Hits Total Depth; Well Logs Detailed
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East West Petroleum Corp. has updated the following operations update on the first well of its 2013 nine well exploration program in the Taranaki Basin of New Zealand with partner and operator, TAG Oil Ltd.
The Company has been informed by its joint venture partner and operator, TAG Oil Ltd., that the Cheal-E1 well on the Cheal North permit has reached total depth (TD) of 1,910 meters on time and on budget and has finished drilling.
TAG also reported to the Company that well logs from the Cheal-E1 well indicated that approximately 33 meters of hydrocarbon bearing strata was encountered within the Urenui and Mt. Messenger formations supporting the decision to test and complete the well, which is expected to take seven to ten days. Following completion of E1, the Nova-1 rig will drill the…
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