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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 askmetooon Sep 18, 2014 1:06pm
233 Views
Post# 22948583

RE:RE:RE:smell the roses

RE:RE:RE:smell the rosesThis shows again that what everyone hears, sees and reads is adulterated and prejudiced by a person's own wishful thinking. Monkey is convinced he did hear what he stated and its all gas.
However, Drew is reported as having made the following statement :
"Chief operating officer Drew Cadenhead said the Gisborne well was 'anything but a dry hole'. 

"Unprecedented" high gas pressure has forced Tag Oil to temporarily abandon its Gisborne well "in the interests of safety"


Read more at https://www.stockhouse.com/companies/bullboard/t.tao/tag-oil-ltd#yUJK8rqAerC9Vbqr.99

I'm not an expert in assessing the true situation related to this well being oil, gas or both but the laws of simple physics would dictate that gas would be found above the oil since oil is heavier than gas.

It should also be duly noted that the well has been only temporarily abandoned.


Bullboard Posts