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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 Mar 16, 2011 6:35am
220 Views
Post# 18291701

RE: RE: RE: RE: Trolls haunting the TAG board

RE: RE: RE: RE: Trolls haunting the TAG boardoilandgas111,

Don't mind the people calling you basher and stuff like that.

I am curious what your opinion is about the conventional oil on the east coast? The comapany har estimated that they have 1.3 bbo oiip of this kind. The chance of success is much greater than 10% in these prospects. And even in the shales, considering their characteristics the chance is way over 10% according to a friend of mine that has asked Lundin Petroleum senior engineer about this project. Lundin owned a big chunk of top lf (the east coast), which was bought from Lundin by Tag 2 years ago, so this guy should know what he is talking about.

But the primary goal for the company on the east coast is the conventional part, and I think they will drill for oil here much earlier than 2012.

Bullboard Posts