We’re quite pleased to see the results of our new light oil discovery. We drilled to a depth of 1,610 meters and hit 14 meters of net sandstone pay in the Mt. Messenger Formation. The well tested at a stabilized rate of 8.5 mmcf/d plus 44 bbl/d of oil for a total 1,461 boe/d.
And electric logs indicate excellent reservoir qualities, with average porosities of 22.5% and oil saturations of 60%.
We’ll do further testing with a couple delineation wells down-dip from the crest of the structure. Also looking at options to tie in the well…maybe build a 3 kilometre pipeline to a Vector-operated 26” trunk line. But all in all, a very exciting day for all of us here at TAG.