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 terroiron Apr 04, 2013 9:34am

256 Views

Post# 21209556

RE: Tag NEWS !!!

Very upbeat. Targeting 5,000 boed where their average realized oil prices are 30% higher than WTI and realized gas prices, a whopping 100% higher than 2012 average Canadian prices.

Their facilities investments are building a first class marketing company, a real boon to New Zealand's infrastructure. Not mentioned in this release, but I like their recent purchase of the electrical generation and distribution company, a great captive client for their gas and one that should look go for them on the PR front.

Terr

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