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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.


TSXV:TAO - Post by User

TAG Oil Ltd.
Bullboard Posts
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Post by synectixon Feb 14, 2014 6:07pm
226 Views
Post# 22212626

Regarding Ngapaeruru-1

Regarding Ngapaeruru-1

A deeper basinal setting (which is planned for the next two wells in the program) will look to identify increased TOC contents of the reservoir, which at Ngapaeruru-1 is slightly less than 1% (with 2% being the standard threshold) indicating subsequent wells may be more optimally located to intercept the ideal source rock origin......


In other words....not commercially viable?????
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities