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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Post by oilandgas111on Sep 25, 2011 12:14pm

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Post# 19081693

Is somebody can help me with TAG

TAG had 2.2 millions acres on the East coast. They had to relinquish 500'000 acres 2 months ago so had 1.7 millions acres up to Apache farm out. In the farm out press release they say that that farm out 50% of all their east coast permit (1 million acres) so 500'000 acres each after form out.
Where are the 700'000 acres difference ?
I made research but cant figure this out ? If somebody can explain me ?????
Thanks
Julien

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