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 22, 2011 12:54pm

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Post# 18322326

RE: RE: RE: Production target

oilandgas111,

Yes, I think we will just have to wait and see. I tried to find more info about the adjacent ngatoro field when it comes to pay zones but I couldn't find anything. I suspect tag found som more oil in the sidewinder #2 well than they did in the Sidewinder#1.

Do you know if they do horisontal drilling in gas fields too, or is that only in oil fields. If they do, that could greatly expand the recovery reates as well. And tag really needs bigger reserves. How big they wil be in sidewinder is way to early to tell, but I think they will be significant.

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