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TAG Oil Provides Operations Update
TAG Oil Provides Operations Update Canada NewsWire VANCOUVER, BC , ...
About this update from Tag Oil Ltd
[{"type":"text","content":"\n \n \n \n TAG Oil Provides Operations Update\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 30, 2023\n \n \n /CNW/ -\n \n TAG Oil Ltd.\n \n (TSXV: TAO) (OTCQX: TAOIF) (\"\n \n TAG Oil\n \n \" or the \"\n \n Company\n \n \") is pleased to report that re-entry and installation of the completion string at the BED 1-7 well has been successfully completed.\n \n \n The re-entry operation included installation of a new well-head assembly, removal of the old tubing string and dual packer assembly, isolation of previously perforated upper reservoir layers in the Abu-Roash formation and cleaning the well down to base depth at approximately\n \n 3,250 m\n \n . After conditioning the wellbore, a new completion string was installed in the open-hole section of the well across the Abu-Roash \"F\" (\"ARF\") formation in preparation for hydraulic fracture stimulation. Indications of reservoir pressure and oil content were evident during completion activities with samples of ARF oil recovered to surface and high pressures in the formation identified to be close to original reservoir pressures.\n \n \n The next steps on BED 1-7 include perforation and diagnostic fracture injectivity testing (\"DFIT\") of the ARF formation to identify natural fracture matrix characteristics through pressure build-up and leak-off profiles during the DFIT. This will be followed by evaluating the potential of the ARF in the vertical completion through hydraulic fracturing, flow-back and stabilized production performance. The fracture stimulation will be one of the largest pumped in\n \n Egypt\n \n ; specifically, a water-based system with greater than 100 tons of proppant and 4,000 barrels of water injected at high pressures and pump rates.\n \n \n The Company currently expects the remaining work on BED 1-7 to be completed by mid-April and to release the well's initial daily production data by the end of April.\n \n \n Planning for the first horizontal well (\"T100\") is currently und...