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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Post by Weebleon Feb 18, 2018 8:37pm

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Post# 27581743

Tag E News

Following TAG’s recent announcement of Alex P. Guidi’s resignation as Chairman of TAG Oil’s Board, we caught up with the busy entrepreneur for a few words of farewell and his thoughts on what lies ahead.

“Change is healthy!” said Alex, enthusiastically, during our conversation. “Regarding my board resignation, I would like to remind everyone what a strong, I mean really strong, growth platform and top-notch team TAG Oil has in place.
“I am — and will continue to be — a supporter of TAG Oil, but in addition to oil investments, I am now focusing on investing in the technology sector. I’ve always had a great passion for disruptive technology, including one of our earliest companies, Walking Stick Oil and Gas Ltd., an early adaptor in horizontal drilling technology. I also co-founded a technology company that was a pioneer in building business-to-business trading platforms on the Internet.
“With the support of an incredible team, we at the IREMCO Group have incubated and operated five international oil and gas companies, but the entrepreneur in me is passionately embracing a new focus. The oil and capital markets business has...Read more »

Revenue and Operating netbacks increased in Q3
See our results here »

Exploration well drilling update & video

TAG Oil’s Pukatea-1 exploration well is living up to expectation so far, with potential oil pay at our secondary target, the shallow Mount Messenger formation. With at least one oil-charged zone, the... Read more »

You asked and we answered!

In this industry, our highly skilled management and team have to continuously prepare for new successes, unexpected challenges, and both quickly changing and well-laid plans. We were... Read more »

Melbana Energy on the Pukatea prospect

We’ve shared the reasons why TAG Oil became interested in the Pukatea prospect, but what caused our Joint Venture partners (30%) Melbana to seek a project in the Taranaki Basin? A few of... Read more »

TAG Oil Encounters Oil in the Pukatea-1 Exploration Well
Get the news here »

TAG Oil Ltd. is firmly positioned to capitalize on Australia and New Zealand's untapped oil and gas frontiers, providing shareholders with the opportunity to participate in high-impact exploration, underpinned by established high-netback production and reserves-based growth.

TAG Oil Ltd.

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