TAG Oil Provides Updates on Operations and Strategic New Egypt Acquisition

Production from the BED4-T100 ("T100") horizontal well is averaging 200 barrels of fluid per day. Cumulative oil production of the T100 well to date is in excess of 15,000 barrels and shipments have commenced to third party facilities. Further evaluation by the Company is also underway of fluid samples, drill cuttings, and tracers as they flow back, to inform performance of stimulated sections along the horizontal lateral and further optimization potential on the T100 well ...read more