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TAG Oil Ltd. V.TAO

Alternate Symbol(s):  TAOIF

TAG Oil Ltd. is a Canadian-based international oil and gas exploration company. The Company is focused on oil and gas exploration and development opportunities in the Middle East and North Africa (MENA). In the Western Desert of Egypt, it is developing the unconventional heavy oil Abu Roash F (ARF) formation in the Badr oil field (BED-1). It holds an interest in the Badr Oil Field (BED-1), a 26,000 acres concession located in the Western Desert, Egypt, through a Production Services Agreement (PSA) with Badr Petroleum Company (BPCO). It is focused on BED-1 the re-completion and evaluation operations of the BED 1-7 vertical well. These initial operations are part of TAG’s phase 1 development program of ARF reservoir in BED-1. The BED 1-7 well started oil production from the ARF reservoir. Its subsidiaries include TAG Energy International Ltd., TAG Petroleum Egypt Ltd. (Cyprus), TAG Petroleum Egypt Ltd. (Egypt Branch), TAG Oil (NZ) Limited, Trans-Orient Petroleum Ltd and others.


TSXV:TAO - Post by User

Bullboard Posts
Post by forcepoolon May 15, 2013 12:24pm
382 Views
Post# 21400607

The news

The news

Guys:  I think you have wonderful news here.  They're not through testing this well.  Someone said, "Oil and Gas going to the surface under great pressure" would have sent the stock to $6.00.  I beg to differ.  If that had happened at this stage of operations your stock would be stumbling because they'd be calling in Boots and Coots or Wild Well Control Company.  Things are great just like they are.  What they are doing is wireline logs and will analyze the best way to stimulate the reservoir.  The free oil and gas in the drilling mud through such a large, thick interval pretty much tells you the logs will show good permeability and one would expect that in a highly fractured zone.  So, in effect, the fractures are really where the movement channels are at this point.  Without them, the oil and gas can't really move well through the shale.  So if they increase the density of fractured channels on top of what you have already, plus consider this in context of laterals drilled on future wells that will run out horizontally,  these wells, after stimulation, could be barnburners.  For what it's worth.  GLTA

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