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. > Moneysworth Now?

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Post by oilinvestor52on Jan 03, 2024 4:41pm

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Post# 35809448

Moneysworth Now?

Today's news is very disappointing to say the least. I wonder what the cost overrun will be to finish this well, if they even can. Will TAG need another funding?

So much for Moneysworth master therory of paying excessive salaries and consulting fees in return for technical and executive excellence. Not even one well drilled since new management and board appointed several years ago despite millions paid in G and A.

I hope this so-called dream team can get this well drilled and actually completed.

Donald

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