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. > Very Nice... :)

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Comment by Nextlegupon Jun 19, 2023 10:59am

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Post# 35503325

RE:RE:Very Nice... :)

GnR...

I'm guessing a few people in the market are thinking similar to yourself, and unfortunately, missing the point.

This "vertical" well is merely a "Proof of Concept" of using Western Frac technology to see how well the technology would work in Egypt.

This was not intended to be some big "Boomer".

When the next well is drilled in late July, the intention is to drill a "horizontal" well, perforated into a much longer tube with 15-20 fracs targeting what should be a 10-fold increase in production.

Those misunderstanding the story and selling between now and then will then realize their mistake IMO.

GLTA

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Drilling company poised to capitalize on market conditions