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TAG Oil Ltd. V.TAO

Alternate Symbol(s):  TAOIF

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

Bullboard Posts
Comment by Cuzzieon Feb 24, 2014 1:08am
250 Views
Post# 22241190

RE:News just in about Ngapaeruru-1 well

RE:News just in about Ngapaeruru-1 wellGarth Johnson also said, "As we have said in the past, this is a methodical, well-thought-out programme in a frontier oil and gas basin that will take many years before we can say with any confidence if a commercial oil and gas play is possible."  That's news for longs and non-crazy people, but could also mean many years of moaning from crazy people even though Garth Johnson said it could take years. Oh no, is the stock worth it? If crazy is the cost for investing in TAG, then I can handle crazy every now & then. 
I liked this bit too. "The perforation will happen in the next three to four months and it was likely at least one more well would be drilled on the East Coast "prior to deciding if further steps are required". Please, please please let that, " one more well to be drilled" just north of MES. Pretty please!!!
 
Bullboard Posts