TAG Oil Awarded Petroleum Services Agreement for Development of Abu Roash “F” Reservoir in Southeast Ras Qattara Concession
TAG Oil Ltd. (TSXV: TAO, OTCQB: TAOIF, and FSE: T0P) (“TAG Oil” or the “Company”) is pleased to announce that it has received approval to enter into a petroleum services agreement (the “PSA”) by the Egyptian National Petroleum for Exploration and Development Company (“ENPEDCO”) for the development of the unconventional Abu Roash “F” (“ARF”) reservoir within the Southeast Ras Qattara concession (the “SERQ Concession”) in Egypt’s Western Desert. This award follows a competitive bidding process initiated by Egypt’s Ministry of Petroleum and Mineral Resources through the Egypt Upstream Gateway. The PSA will become effective upon execution of the definitive agreement