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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 Ventor12on Sep 12, 2018 9:17am
96 Views
Post# 28603432

RE:RE:RE:Is anyone here??

RE:RE:RE:Is anyone here??There are no negative reports of fracking in New Zealand, and this was also recently released: https://www.stuff.co.nz/environment/105580383/oil-and-gas-fracking-operations-given-good-report-card-by-taranaki-regional-council

The government have said that they won't do any immediate changes to the oil industry which will result in thousands of people losing their job. The government banned future oil and gas exploration, but it was supposed to be a starting point of getting New Zealand to a zero emission country. There are thousands of people depended on Taranaki's oil and gas exploration so the government will hopefully not do any sudden changes.

But one thing to keep in mind is that there are also thousands of New Zealanders that are demonstrating against fracking, a lot of people are working hard to get it banned. But I think we are safe as there aren't any proof of negative environmental effects from fracking in New Zealand. 
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