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 oilinvestor52on Feb 12, 2024 11:24am

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Post# 35875535

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

Moneysworth, since you have stated that TAG is not in need of any more capital for the forseeable future, can you share some further insight into your statement?

Given the cost overruns I suspect the treasury is getting low?

How much to complete the well if they actually can finish the horizontal section?

And nothing wrong with GIC's esp if you have lots of capital to play with.

Donald

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