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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 kootenion Sep 21, 2011 2:11pm
223 Views
Post# 19067343

RE: Drill Program Update

RE: Drill Program UpdateThe Media release of Tag's drilling plan does not make a lot of sense.
The last drilling plans I remember was to get the rig back Sept. 1 and
start with drilling Sidewinder 5 -8.

In view of the results of their last well on the Moki some of us expected
a well updip into the Moki as their top priority.


The fact that they have totally forgotten about the Moki is very strange.
My wild guess is that Tag will move-in a larger rig to drill one or more
Moki wells and eventually use this rig for the East coast drilling in the
1stQ/12

The other strange thing about this drilling plan update is that it was a
media release, based on an interview with Drew Cadenhead. There has been
no official NR from Tag.
Bullboard Posts