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. > New Press Release - TAG Oil Provides Update on BED4-T100 Well Drilling Operations

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Comment by oilinvestor52on Nov 17, 2023 9:27am

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Post# 35740851

RE:RE:RE:RE:RE:RE:RE:New Press Release - TAG Oil Provides Update on BED4-T100 Well Drilling Operations

Moneysworth I don't know much about unconventional drilling but I do understand business. Excessive salaries on a very early stage company with nominal revenue is not a good thing no matter how many ways you try to justify. Furthermore, I assume that investors will begin to care about excessive salaries and bonuses if the well doesn't work out. Best regards,

- Donald

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