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.

TSXV:TAO - Post by User

TAG Oil Ltd.

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Post by Stampederon Jan 08, 2024 11:58am

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Post# 35815756

Update from Malcolm Shaw

https://www.hydracapital.ca/2024/01/05/patience-in-speculation/

I agree with many of the points raised by Malcolm. The open hole circulation of drilling fluids can lead to the erosion of the softer layers of shale and leave the limestone layers exposed. TAG's revised drilling approach to appears appropriate in this context. No doubt that TAG has paid it tuition and this presents a excellent entry point for new shareholders seeking to take a position, or for us faithfull that have chosen to top up our postions.

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