TAG Oil Ltd. V.TAO

Alternate Symbol(s): TAOIF

Energy Oil & Gas E&P

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.

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TAG Oil Ltd.

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Comment by verypooron Dec 13, 2013 5:39pm

212 Views

Post# 22005104

RE:RE:RE:RE:RE:RE:RE:AGM

The coal seam has nothing to do with productivity or the formation that Tag will try to produce from. The coal seam will be difficult to drill through without getting stuck and they will need to drill through it to get to the 3rd zone. It can be done but, Tag will need to be very careful drilling through it on the sidetrack or they will have the same thing happen again. I would guess that Tag spent at least 2 weeks trying to get the drillpipe free, but at some point you need to make a decision to leave the pipe in the hole and try again. The coal seam will only be a drilling problem, not a production issue.

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