Tap subsidiary Tap (New Zealand) Pty Ltd, which operates the PEP 38765 permit, holds a 50% interest. Austral Pacific Energy (NZ) Ltd and Magellan Petroleum (NZ) Ltd each hold a 25% interest. Tap says the Miromiro prospect has an estimated target size of 3 mmbbls.
The Hihi-1 well, targeting Mt Messenger and Moki Formations, was spudded on 28 October and reached a total depth of 1936 m. Hydrocarbon shows were recorded in a secondary objective at 1613 m and a sidetrack Hihi-1A was drilled to a TD of 1797 m. Logging indicated four meters of sandstones at 1165 m near the top of the Mt Messenger may be gas charged but was too thin to be economic, Tap said.
Following Miromiro-1, Tap has scheduled the Hursthouse-1 (PEP 38745) and Kakariki-1 (PEP 38748) wells for January next year and Takahe-1 (PEP 38744) about April.
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