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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Post by kanerfalkon Sep 14, 2010 4:09pm

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Post# 17447723

TAG to spud Sidewinder tonight!

TAG is scheduled to spud the Sidewinder-1 exploration well on September 15, 2010. The well is scheduled to reach a total measured depth of 1457m in approximately 10 drilling days to test this Miocene-aged prospect.
Sidewinder is one of several exploration prospects identified on permit-wide 3D seismic. TAG will have the option to immediately drill one or more additional follow-on exploration prospects from the same surface location, dependent on results. The Sidewinder-1 exploration well will target the Mt. Messenger Formation, the same producing formation as the offsetting Ngatoro and Kaimiro oil and gas fields.

And 15:th september is soon beginning in NZ...

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