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. > What should I be looking for next?

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Comment by GoJerez2on May 02, 2024 1:47am

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Post# 36018802

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:What should I be looking for next?

Yes my apologies. Yes i think 1000 boed minimum. Due to natural fracture zone and high pressure. It would be foolish for management to have stopped the original plan if they have a small producer.

in theory if this shorter horizontal is commercial. The 2/3 of the horizontal leg remains and now is derisked. We will know in about 10 days.

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