TAG Oil (TSE:TAO) has released an update.
TAG Oil Ltd. has announced the initiation of flow back operations on its T100 well after successfully completing a multistage hydraulic fracturing process over a 308-meter lateral section, utilizing significant sand volumes for stages four to twelve. The company anticipates approximately 7-10 days for the flow back to reveal consistent clean oil flows, with stabilized flow rates expected shortly thereafter. Flow rate results for the T100 well are projected to be released in May, with further updates on well tie-in and facilities to follow.
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