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 NilesFoglighton Mar 14, 2011 12:07pm

158 Views

Post# 18281274

RE: RE: RE: Sidewinder 2 sidetrack discovery

oilandgas111,

You would have been correct if the market put 0 value to the eastcoast at the moment, which it of course hasn't.I would say that at least 2-3 cad in the share is anticipation about the eastcoast. Then you get totally different value. And on top of that, the latest finds has indicated new zones that has never been found on the east coast, and therefore is not part of the managements estimations.

And they have certainly not estimated oil columns of such heights as 47 meters.

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