TAG Oil Announces Volumetric Assessment of Abu Roash “F” Formation in Southeast Ras Qattara Concession
TAG Oil Ltd. (TSXV: TAO, OTCQB: TAOIF, and FSE: T0P) (“TAG Oil” or the “Company”) is pleased to announce the results of an independent assessment of volumetric estimates of the Abu Roash “F” (“ARF”) unconventional, tight, carbonate reservoir in the Southeast Ras Qattara concession (the “SERQ Concession”), Western Desert, Egypt (the “SERQ Report”). The SERQ Report was prepared by Fracture Modelling Inc. (“FracMod”), an independent technical consultant, dated November 7, 2024. It provides oil-initially-in-place (OIIP) estimates in the ARF formation based on available seismic, well and log data, subject to significant technical, economic, and regulatory uncertainty. With the recent approval to enter