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 1:36am

554 Views

Post# 16942785

RE: RE: Drill Results

High-quality light sweet crude has been generated and is being expelled. - Out my ass
The 50-degree API oil has been geochemically typed to these shales. - Out my ass
The shales are naturally fractured, they are mature and they are accessible at shallow depths due to recent uplifting. - Out my ass
A smectite-rich clay formation located immediately above the shales exhibits all the attributes of a competent seal. - Out my ass
Overpressures have been noted in the East Coast basin due to both competent seals and rapid uplift in this area. - Out my ass
Oil and gas seeps throughout Tag's 2.4 million acres confirm the Waipawa black shale and Whangai shale formations are widespread. - Out my ass

Good ridence TAG!

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