TAG spuds in first East Coast exploration well near Dannevirke

Mon, 22 Apr 2013

April 23 (BusinessDesk) - TAG Oil, the Canadian oil and gas producer with extensive onshore Taranaki production, says it has spudded in the first exploration well in its controversial campaign to seek oil and gas from "unconventional" shale rock formations on the North Island's east coast. The Ngapaeruru-1 well, in the southern Hawkes Bay near the town of Dannevirke, is targeting Waipawa black shale and Whangai source rock to a depth of around 1,800 metres and comes after six years of preparation. The company also has exploration licence perm...

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