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. > News... Looks encouraging to me

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Comment by tylerreddickon Mar 19, 2024 11:50am

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Post# 35940705

RE:RE:RE:News... Looks encouraging to me

RockLobster1 wrote: So you are claiming that they are breaking securities law by withholding material information... I expect they all put the best spin on things, but not sharing material information is rather serious. Time will tell... Hope not.<br /> <br />

The market is not convinced... Not much movement

I never said they were withholding material info, so don't even try to go there. But fraccing a high porosity well is not easy at the best of times, nothing material.

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