Welcome to our dedicated page for Tag Oil news (Ticker: TAOIF), a resource for investors and traders seeking the latest updates and insights on Tag Oil stock.
TAG Oil Ltd. reports on oil exploration, evaluation and production activity in the Middle East and North Africa, with current company updates centered on Egypt's Western Desert. Recurring news covers the Badr Oil Field, or BED-1, including the T100 horizontal well, the BED 1-7 vertical well, artificial-lift operations, crude deliveries to Ras Gharib processing facilities, and evaluation of the Abu Roash "F" reservoir.
Company announcements also address financial results, balance-sheet actions, royalty-interest sales, petroleum services agreement terms, planned drilling and reservoir testing categories, TSX Venture Exchange matters, annual meeting votes, auditor appointments, director elections, stock option grants and market-making arrangements.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF) announced the successful completion of re-entry and installation of the completion string at the BED 1-7 well in Egypt. The operation involved significant upgrades to the well infrastructure and indicated promising reservoir pressure and oil content. Future steps include perforation and hydraulic fracturing, with expected initial production data available by the end of April 2023. Furthermore, plans for the first horizontal well, T100, are underway, with completion anticipated in Q3 2023. CEO Toby Pierce reported the project remains on budget despite delays in service contracting.