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 kootenion Aug 12, 2011 1:31pm

375 Views

Post# 18936367

RE: RE: RE: Estimate of Revenues down the road

Actually Tag will receive more than $7 / MCF. The Quoted $7 is for methane ( C1). Other carryovers
like ethane (C2), butane (C3), propane (C4) and a small amount of C5+ will add value to the sale
price of gas. For example Peyto T.PEY sells a rich gas at a premium of 17-19% over the base price
of dry gas.

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Visionstate set to leverage success in the U.S. market