TAG Oil Announces Operations Update and Development Plans at BED-1 Concession in Egypt
TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: TOP) (“TAG Oil” or the “Company”) is pleased to announce the following operations update and upcoming development of the Abu Roash “F” (“ARF”) unconventional carbonate reservoir at the Badr Oil Field (“BED-1”) concession in the Western Desert of Egypt and various corporate initiatives. The BED4-T100 (“T100”) horizontal well continues to produce at an average rate of 100 barrels of oil per day (“BOPD”). The well has been steady, producing for close to 90 days under a rod pumping system. Cumulative gross production to date is in excess of 20,000 bbls