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. > Private Placement

<< Previous

Bullboard Posts

Comment by oilisswellon Nov 20, 2024 4:48pm

37 Views

Post# 36322588

RE:Private Placement

Seems like desperation considering the past 2 financings. Even if oversubscribed the money won't go far. Likely just enough to make payroll for a year.

Should know soon enough! Will be interesting to find out exactly what they do with the money raised.

<< Previous

Bullboard Posts

Apolo IV Acquisition and Marviken Ontario sign merger agreement