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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 crumplestiltskinon Feb 01, 2013 8:37am
242 Views
Post# 20922838

RE: 4 wells

RE: 4 wells

MAJOREL:  You called it!!!  No cost to us (other than our time).  Keep in mind that we win whether we hit or not --- this will provide the company with MUCH DATA that we would not otherwise have had (that is worth its weight in gold).  But yeah ... as far as I can tell this will not cost us a dime (with maybe the exception of drilling setbacks --- I would assume that TAG would have to foot the bill for those).  All of the above is my own speculation!!!

Bullboard Posts