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.

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TAG Oil Ltd.

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Comment by Weebleon Jun 21, 2017 8:51pm

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Post# 26390396

RE:RE:Tag announces increase in reserves.

OK Einstein. Don't put words in my mouth. All I said was that the potential of Cardiff had me more excited than the waterflood. I actually love the waterflood but how does it compare with this from the latest investor presentation:

Sproule estimates of 160 Bcf and 5.5 MMbbl condensate Best Estimate PIIP at Cardiff in lobe
surrounding current wellbores

Reserve size and deliverability potential are greater than shallow drilling program (Cheal)
due to greater depth and higher pressures

If you are talking about reserves, Cardiff could add to them substantially, much more than the waterflood. We shall see. The true potential of Cardiff (and also Puka) is months away.

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