TAG Oil Signs Petroleum Services Agreement to Commence Development Operations at Abu Roash “F” Reservoir in the Badr Oil Field, Western Desert, Egypt
TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to announce that it has now formally entered into the previously announced petroleum services agreement (the “PSA”) with Badr Petroleum Company (“BPCO”) to commence development operations at the unconventional Abu Roash “F” reservoir in the Badr Oil Field (“BED-1”), a 107 km2 (26,000 acres) concession located in the Western Desert of Egypt. The official PSA signing took place at the Egyptian General Petroleum Corporation (“EGPC”) offices in Cairo, Egypt, between Eng. Ibrahim Massoud, Chairman of BPCO, and Abby Badwi, Executive Chairman of TAG Oil, and present