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. > Lackluster response

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Comment by Stampederon Apr 02, 2024 4:58pm

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Post# 35966192

RE:RE:RE:RE:Lackluster response

Good question on the timelines. TAG's March 18th news release said they expect to start stimulating the well by the middle of April. At that time they also mentioned they were optimizing their mult-stage frac design. I don't know if anything more recent has been said publically. News releases tend to highly-vetted and therefore conservative by nature. Would be nice to get a verbal update from Toby on Youtube once they start to frac. hint hint Toby

Good luck to all the longs

Go TAG

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