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.

TSXV:TAO - Post by User

TAG Oil Ltd.

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Comment by norim109on Jan 22, 2012 9:16am

418 Views

Post# 19432419

RE: RE: RE: TAO and NZ should not only be

Anyone know of any other players in the area listed in Canada that are at earlier stages than NZ and TAG?

Exall (T.EE) is a pure oil play. The company is increasing rapidly its oil reserves/ressources and covered most of its exploration expenses with its cash-flow. It is testing a new discovery made late last year that could prove to be subtantial. A candidate for a takeover by oil mid-tier operating in the same area (Penn West).

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