Bridge Petroleum Limited is the permit operator, along with Tap (New Zealand) Pty Ltd., both of whom also hold a 33.33% interest in PEP 38745.
The Richmond-1 well is expected to take approximately 14 days to drill, targeting both the Mt. Messenger Formation, a proven horizon in this area of Taranaki, including TAG's recently announced dual zone gas discovery at SuppleJack-1, as well as the Moki Formation, a slightly deeper, and relatively untested exploration target in this part of the Taranaki Basin.
Immediately following the drilling of the Richmond-1 well, TAG's Taranaki drilling program will continue, with OD&E Drilling Rig #19 moving directly to PEP 38751 (TAG 33.33%) to drill the Konini-1 well with joint venture partners Bridge Petroleum Ltd., as operator, and Westech Energy New Zealand.
Most Popular Articles