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. > Go Abby and Go Toby

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Comment by moneysworthon Feb 11, 2024 10:45am

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Post# 35874413

RE:RE:RE:RE:RE:Go Abby and Go Toby

Ahhhh Donald, always such a positive guy. :)

"From what I can see they will raise before they start completing the well currently being drilled."

Yes of course, makes lots of sense...LOL. Raise money at a lower price so you can dilute as much as possible, thereby decreasing the value of your own shares. And, especially while you still have enough to continue the drill program without a financing.

Donald, no question, GIC's are a much better fit for you. :)

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