During the 2011 fiscal year TAG’s production rate averaged 413 barrels of oil equivalent (BOE) a day. Current production is now at approximately 950 BOE a day with a ramp-up of more than 5,000 BOE per day as TAG brings “behind-pipe” production online over the coming months.
Now that’s what I call a serious production growth curve. This kind of growth doesn’t happen very often to oil companies, but it does happen once an awhile and for TAG, this is our time. Really amazing when you consider we’ve just begun our exploration cycle in earnest.
Once the new Sidewinder production facilities and the Cheal facility upgrade are completed we can get the new babies into full-time production and start hitting these numbers.