Tap to Target Miromiro-1 Well Next

Tap Oil plans to drill the second of five onshore Taranaki wells Miromiro-1 in PEP 38765 in early December after its first well Hihi-1A in PEP 38748 was plugged and abandoned after non-commercial gas shows.

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.