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 verypooron Dec 13, 2013 5:39pm

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Post# 22005104

RE:RE:RE:RE:RE:RE:RE:AGM

The coal seam has nothing to do with productivity or the formation that Tag will try to produce from. The coal seam will be difficult to drill through without getting stuck and they will need to drill through it to get to the 3rd zone. It can be done but, Tag will need to be very careful drilling through it on the sidetrack or they will have the same thing happen again. I would guess that Tag spent at least 2 weeks trying to get the drillpipe free, but at some point you need to make a decision to leave the pipe in the hole and try again. The coal seam will only be a drilling problem, not a production issue.

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