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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
Post by synectixon Jun 30, 2014 7:41pm
293 Views
Post# 22706999

Ngapaeruru-1 Exploration Well Progress???????

Ngapaeruru-1 Exploration Well Progress???????

Other new resources targeted during the coming year, which could significantly impact proved reserves, includes establishing production from the gas/condensate zones intercepted in the deep Cardiff-3 well (TAG-100%) and at least two East Coast Basin unconventional exploration wells, Waitangi Valley-1 and Boar Hill-1 (TAG-100%). Both the Waitangi Valley-1 and Boar Hill-1 wells are identified to have major discovery potential and are the top priority drilling locations identified in the joint venture work conducted by Apache Corporation and TAG Oil.

Bullboard Posts