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 Mar 23, 2013 6:23pm

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Post# 21159034

Production including 2 new SW wells

The 2 new Sidewinder wells recently drilled (SW 5 and 6) will add an IP of between 500 and 800 boed each, according to last company presentation.

So, if we add production from these 2 new wells to production already behind pipe, I think we will be over 5.000 boed by the end of the month, provided that the new facility is completed on time.

And don´t forget that SW 7 has already been spudded, with SW8 to follow. These 2 wells are in addition to the 13 well program announced at the beginning of the year.

Just my oppinion

Fernando

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