TAG reported fiscal 3Q18 (October to December 2017) results, which included production of 1,043 boe/d tracking below expectations due to shut-in wells, while cash flow of C$2.7 mm was in line with expectations. As previously reported, the Pukatea-1 exploration well has encountered over 10 metres of net pay in the shallower Mt Messenger formation and continues to drill toward the deeper and potentially more prospective Tikorangi Limestone. The well is expected to take another seven to 10 days
14 Feb 2018
Fiscal 3Q18 results overshadowed by pending Pukatea-1 exploration well results
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Fiscal 3Q18 results overshadowed by pending Pukatea-1 exploration well results
TAG Oil Ltd (TAO:TSX) | 0 0 -2.2% | Mkt Cap: 37.5m
- Published:
14 Feb 2018 -
Author:
Darren B. Engels -
Pages:
7
TAG reported fiscal 3Q18 (October to December 2017) results, which included production of 1,043 boe/d tracking below expectations due to shut-in wells, while cash flow of C$2.7 mm was in line with expectations. As previously reported, the Pukatea-1 exploration well has encountered over 10 metres of net pay in the shallower Mt Messenger formation and continues to drill toward the deeper and potentially more prospective Tikorangi Limestone. The well is expected to take another seven to 10 days