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

Comment by verypooron Apr 14, 2014 10:12am

195 Views

Post# 22447179

RE:RE:RE:Southern Cross-1

Are any of those things mentioned in the last two posts good news? If you sidetrack a vertical well, you have some kind of problem. I can't believe how some of you keep grasping at straws for good news, when operationally Tag is having problems. Operational difficulties have been the end of many junior oil companies. As well, a news "Blackout" is a myth, there is no such thing, only a decision by a company not to release any info via news releases, but still info selected groups of events. Also, the blog is completely useless, unless you like useless fluff.

Bullboard Posts

Rig Count Soars as Utilization Surpasses Industry Averages