The well, which was drilled to a total depth of 1597 meters, encountered 47 meters of high quality, oil-and-gas-bearing sandstones within the Mt Messenger Formation.
This discovery is located in the company’s 100%-controlled petroleum exploration permit 38748.
While the well has intersected and extended the area of the main Sidewinder-1 discovery zone, Sidewinder-2 has also encountered an additional five separate oil-and-gas-charged pay zones, both above and below the primary target.
As a result of this latest oil and gas discovery, Tag said it will immediately begin preparations for flow testing.
The company said that all additional production will be brought on-line at its wholly owned Sidewinder Production Station, currently under construction and projected to be completed in mid-2011.
