Monday, March 12, 2012

TAG Oil Announces the Company is Initiating a $66 Million Capital Expenditure Program Cheal and Sidewinder fields in the Taranaki Basin, New Zealand

TAG Oil Announces an Additional $66 Million Capital Expenditure in New Zealand Targeting Reserve and Significant Production Growth. This program consists of continued high-impact exploration and development drilling targeting the shallow (~2000m) oil prone zones, deeper drilling (~4000m) targeting large liquids-rich gas prospects and various workover operations to existing wells.


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