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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Comment by kanerfalkon Mar 16, 2013 2:50am

337 Views

Post# 21139009

RE: RE: RE: What's the story?

If Horizons give their verdict on the east coast permits as expected on monday, the SP will probably open a lot higher if the wells are aproved or a lot lower if they're not...

"The Horizons spokeswoman was tight-lipped about why the process was taking longer than expected, but said a resolution was expected on Monday."

Monday morning in NZ is late Sunday afternoon in Canada...

GLTA

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