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 jstinveston Jan 15, 2013 9:32pm

271 Views

Post# 20842916

More Proof:

https://www.stuff.co.nz/dominion-post/news/politics/8182615/Apache-exit-hits-resource-projects

"But Apache has withdrawn, although it will continue funding the $120 million first phase" -- that's $101 million USD.

John Roper, Apache's manager of public affairs, said the company had many opportunities across its global portfolio and had to make daily decisions about priority for capital expenditure.

"We hope Tag is successful in this [New Zealand] project," he said.

Basically, Apache didn't want to deal with environmentalists but TAG is going ahead and getting $100 million free. Those that sold will regret their decision.

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