TAG Oil Ltd. V.TAO

Alternate Symbol(s): TAOIF

Energy Oil & Gas E&P

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.

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TAG Oil Ltd.

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Comment by Pumpjack23on Mar 31, 2010 1:14am

528 Views

Post# 16942766

RE: Drill Results

Can anyone confirm that they hit even the Whangai shale? Sure it was the Whangai field, yes? Cored some overlying sandstone. Is this prospective? Must say the rig that was being used appears to be the type that drills fence posts. Great vid though.

Unless they core the shale, they have learned nothing about how to drill it horizontally. Next time pay me to confirm the oil bubbles at surface are coming from below. I have day great rates!

Imodium to all.

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