Skip links
< News

TAG Oil Provides Update on BED4-T100 Well

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) would like to provide the following update on drilling progress of the BED4-T100 (“T100”) horizontal well in the Badr Oil Field (“BED-1”) in the Western Desert of Egypt. Following the Company’s last update on January 3, 2024, the Company has since completed re-drilling from the intermediate cased section of the T100 well in BED-1, landing the casing liner in the Abu Roash “F” (“ARF”) carbonate reservoir zone, and reaching a measured depth of 3,238 meters in the ARF. TAG Oil has now commenced drilling the T100 horizontal

TAG Oil Provides Update on BED4-T100 Well

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) would like to provide the following update on drilling progress of the BED4-T100 (“T100”) horizontal well in the Badr Oil Field (“BED-1”) in the Western Desert of Egypt. As reported in the November 15 update, drilling continued from the intermediate cased section of the well and reached a measured depth of 3,312 meters in the Abu-Roash “F” (“ARF”) at  hole angle of 90 degrees. However, geo-mechanical hole stability concerns in the upper section of the hole in the Abu-Roash “E” (“ARE”), an over-pressured formation with layered carbonate