TAG Oil Ltd. has reported that the Company's Cheal infrastructure expansion project in the Taranaki region of New Zealand has been completed.
Together with TAG's existing production infrastructure and pipeline network, the Company now has the capacity to fully commercialize the successes (past and future) of its onshore Taranaki Basin assets.
This major expansion establishes TAG Oil as a completely independent processor, transporter, and marketer of the gas the Company discovers, extracts and produces, opening significant new opportunities to supply the thriving Taranaki natural gas market.
Shut-in wells now being placed into long-term production
With this completed infrastructure expansion, previously shut-in wells from TAG's successful 2012 shallow drilling program are now being placed into long term production.