TAG Oil Provides BED 1-7 Well Production Update – Securing Drilling Rig for BED-1 Field
TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to provide the following operations update at the BED-1 Field in the Western Desert, Egypt: BED 1-7 Well Production Since initial flowback of the BED 1-7 well on April 23, 2023, the well started by unloading to surface completion fluid from the fracture stimulation and formation oil under natural flow; the Company temporarily shut-in the well to install production tubing and down-hole Electric Submersible Pump (“ESP”). The BED 1-7 well started production on May 19, 2023, from the Abu-Roash “F” (“ARF”) reservoir with the ESP pump at rates of 150