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 Fernando2010on Jan 25, 2013 4:09pm

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Post# 20892120

Question about production rates

I noticed that New Zealand´s Energy Copper Moki wells are producing an average of less than 100 bopd, less than one year after putting them into production.This is a decline rate of more than 80% from their initial production rates.See my post on the New Zealand Energy´s board here:https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32071424&l=0&r=0&s=NZ&t=LISTTaking into accout that these wells are very close to our Cheal oil field, what is the change of our own wells seeing a similar steep decline profile?Comments are welcomeThanks in advanceFernando>

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