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TAG Oil Ltd. V.TAO

Alternate Symbol(s):  TAOIF

TAG Oil Ltd. is an international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa. It holds an interest in the Badr Oil Field (BED-1), a 26,000-acre concession located in the Western Desert, Egypt, through a production services agreement (the 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 its phase I development program of Abu Roash F (ARF) reservoir in BED-1. The BED 1-7 well started oil production from the ARF reservoir. Its Field Development Plan (FDP), consisting of drilling 20 horizontal wells to be completed with multi-stage fracture stimulation, is focused on the east central part of the BED-1 concession area and contains OIIP P50 volumes of 178.3 million barrels and mean volumes of 179.0 million barrels. Its subsidiaries include TAG Energy International Ltd., CX Oil Limited, and others.


TSXV:TAO - Post by User

Bullboard Posts
Post by Pumpjack23on Mar 31, 2010 12:00am
623 Views
Post# 16942646

Drill Results

Drill Results
I'm not sure about this.  What happened to the core?  Not deep enough?

Sure there's oil in the overlying sediment, but how about the shales that were bailed on?  Oil-wet gas show?  Sounds like a porn to me.  No such thing.

Did they use an old shovel to drill this or a proper drilling rig?  Too high a pressure?  Are migit aliens drilling?  Be prepared.

We already know there is oil as it is bubbling out at the surface.  This well was a POS waste of money.

Buying more at 0.25c later this spring.  Keith should too.

Sell if it spikes tomorrow.

Good luck, nothing personal to anyone.
Bullboard Posts