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

Post by kanerfalkon Apr 27, 2014 4:42am

597 Views

Post# 22495398

Cardiff, Southern Cross and Cheal

Regarding Cardiff-3, K3E is fracked and tests are ongoing, test results will pe published as soon as proper flow rates can be achieved. Seems like it could take a while though...

Southern Cross-1 is side tracked and drilling is still ongoing and likely to hit TD in the next week or two. Regarding G1 testing, the testing program is currently being designed which will have input into the equipment that will be needed to be brought to site.

We are also awaiting updated production numbers from E-site following the installation of additional equipment. The latest flow rates will likely also be included in the next operational update from EW or TAG.

Bullboard Posts

Quantum eMotion leaps by 20 per cent after Becton Dickinson deal