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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 oilconsultanton Mar 29, 2017 7:47pm
108 Views
Post# 26049355

solid

solidlow cost production,,. a nice base of 1200-1300 boepd... small but cheap production... so any new oil will flow right to the bottom line... watch for an update this week... in the next day or two....

maybe I can explain the oil bizz to this horsebreath dummie... but then again... his breath stinks and he is plain uneducated to not see what a deal this will be if and when they add to production.... they got the money, they have targets... now it is all up to mother nature to deliver.... that we have no control over... maybe the reservoir they drill has oil and gas... or maybe just water.... only drilling it will tell... and no one can say they know... cause they don't.  that is why there is risk... and return... nothing is a sure thing... horsedummie!  LOL
Bullboard Posts