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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

Comment by moneysworthon Feb 02, 2024 11:34am
146 Views
Post# 35859597

RE:RE:RE:Go Abby and Go Toby

RE:RE:RE:Go Abby and Go TobyAdequate amount left in the coffers for at least the next Hz, so should be a-okay for at least a few more quarters. Though good question, as they'll eventually need another raise. Hopefully it's at a MUCH higher SP, after promising results. Fingers and toes crossed. GLTA...  :)
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