TAG Oil Ltd. V.TAO

Alternate Symbol(s): TAOIF

Energy Oil & Gas E&P

TAG Oil Ltd. is a Canadian-based international oil and gas exploration company. The Company is focused on oil and gas exploration and development opportunities in the Middle East and North Africa (MENA). In the Western Desert of Egypt, it is developing the unconventional heavy oil Abu Roash F (ARF) formation in the Badr oil field (BED-1). It holds an interest in the Badr Oil Field (BED-1), a 26,000 acres concession located in the Western Desert, Egypt, through a Production Services Agreement (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 TAG’s phase 1 development program of ARF reservoir in BED-1. The BED 1-7 well started oil production from the ARF reservoir. Its subsidiaries include TAG Energy International Ltd., TAG Petroleum Egypt Ltd. (Cyprus), TAG Petroleum Egypt Ltd. (Egypt Branch), TAG Oil (NZ) Limited, Trans-Orient Petroleum Ltd 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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