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TAG Sees 'Excellent' Gas Shows at Waipawa Well
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TAG Oil Ltd. reports that TAG's 100%-controlled Ngapaeruru-1 exploration well has reached a total depth of 1417 meters after successfully drilling through the Waipawa and Whangai source rock formations, the main objective of the well.
Excellent mud gas shows - which indicate the presence of gas zones or soluble gas in oil - were recorded between the intervals of 1140 - 1295m (155m gross hydrocarbon column). Preliminary gas ratio analysis interprets a predominantly wet gas / oil signature. All data has now been forwarded to independent laboratories for expert analysis.
In addition, TAG Oil cut and recovered sidewall cores over 14 separate intervals within the 155 meters of potential unconventional oil and gas pay, sampled total organic content (TOC) and acquired in-situ gas analysis at…
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