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. > Market is waaay over reacting

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Comment by jake1444on May 22, 2024 8:11am

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Post# 36051491

RE:RE:RE:RE:RE:RE:Market is waaay over reacting

The audio update is worth listening to. Will be installing a jet pump on the new horizontal well. Expect to produce in excess of 800 boepd for several months. Will be drilling another well by years end. Looking at acquisitions. Modelling shows 1000 meter horizontal wells are expected to produce 1000 boepd. Their answers were careful and cautious. No pie in the sky answers. Underpromise and overdeliver....I hope.

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