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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
Comment by NilesFoglighton Feb 09, 2011 5:19pm
260 Views
Post# 18105033

RE: RE: RE: TAG ... oil seeping!

RE: RE: RE: TAG ... oil seeping!Well, you have not included the cardiff,

"Gas with rich condensates was discovered at Cardiff within the upper Kapuni zone, which encountered 12m of net pay and flowed at over 3 million cubic feet and 100 barrels of condensate (light oil) per day with improving rates observed on long-term testing."

This is total about 500 boe. And it is close to the facility in cheal area, so it should be easy to plug in.

And you have not included the last horisontall well becuase that was not finished when the last quarterly report came out. Thats an addition 4-500 boe/day. This is already plugged in.

And the company will at least do one more horisontal well in cheal area, which should give at least 400 boe more on top of this. Maybe two, but that is not certain yet to my knowledge.

And two more appraisals, where the first one should already have started.

Production at the moment is above 1000 boe/day the company said in a pressrelase early this January, including the latest horisontal well. 1000+1500+500+400+2 appraisals in sidewinder + maybe one more horisontal=3400 2 appraisals in sidewinder + maybe one more horisontal.

No offense, but you have old info.

Cheers.
Bullboard Posts