Business
TAG Oil achieves first oil production in the Badr Oil Field in Egypt's Western Desert
(NewsDirect) Tag Oil Ltd CEO Toby Pierce joined Proactive's Stephen Gunnion with news tha...
About this update from Tag Oil Ltd
[{"type":"text","content":"TAG Oil achieves first oil production in the Badr Oil Field in Egypt's Western Desert\n \n \n (NewsDirect)\n \n \n \n \n Tag Oil Ltd CEO Toby Pierce joined\nProactive's Stephen Gunnion with news that the company has\nachieved its first oil production in the Badr Oil Field in Egypt's\nWestern Desert.\n \n \n The company\nannounced the successful re-entry of the vertical well, BED 1-7, at\nthe Badr Oil Field after perforating the Abu Roash “F” formation\nand conducting a Diagnostic Fracture Injectivity Test.\n \n \n Pierce\ntold Proactive the company aims to double or triple its acreage\nposition at the Badr Oil Field and potentially make acquisitions in\nthe future. The next big catalysts for TAG Oil are the sustained flow\nrate from the recently completed well and the drilling of a horizontal\nwell.\n \n \n \n Contact Details\n \n \n \n Proactive\nInvestors\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":1381,"tagName":"div"}]