Slide 1: Badr Oilfield - Abu-Roash "F" Upside Development Potential
TSXV : TAO | OTCQX : TAOIF Badr Oilfield - Abu-Roash “F” Upside Development Potential August 2024 TAG OIL Ltd., www.tagoil.com
Slide 2: Forward-Looking Statements and Disclaimer
FORWARD-LOOKING STATEMENTS AND DISCLAIMER TAG Oil Ltd. ("TAG“, “TAG Oil” or the "C ompany) has adopted the stan dard of six thous and cubic feet of gas to equ al one barrel of oil when converting natu ral gas to Explo ration for hydrocarbons is a specu lative venture necessarily involvin g substanti
Slide 3: Resources Upside Potential – BED-1 Abu-Roash "F" Development
RESOURCES UPSIDE POTENTIAL – BED-1 ABU-ROASH “F” DEVELOPMENT ▪ Large Abu-Roash “F” (‘ARF’) resources in BED-1 Oil Field in the Western Desert of Egypt (‘WD’) with similar deposits expending into other WD basins. ▪ RPS estimates the ARF OIIP P50 Volumes to be 531.5 million barrels over the BED-1 conc
Slide 4: Resources Upside Potential – BED-1 Abu-Roash "F" Development
RESOURCES UPSIDE POTENTIAL – BED-1 ABU-ROASH “F” DEVELOPMENT ▪ Current T100 production results on par with other unconventional reservoirs in the world. ▪ BED-1 ARF producing at 100+ barrels oil per day (“BOPD”) per 100 meters of horizontal stimulated lateral compared to an average 32 BOPD per 100 m
Slide 5: BED4-T100 High Quality Reservoir
BED4-T100 HIGH QUALITY RESERVOIR ▪ T100 Open-hole Logging (Triple Combo / FMI) demonstrates high quality reservoir. ▪ SP character suggests the presence of permeability within the AR-F, which will be enhanced by natural fractures and hydraulic fracturing. ▪ Resistivity >1000 ohms indicate oil satura
Slide 6: BED4-T100 High Quality Reservoir Properties
BED4-T100 HIGH QUALITY RESERVOIR PROPERTIES ▪ Petrophysical Analysis indicates good reservoir rock with low water saturation and high oil saturation. ▪ Good effective porosity calculation in the 6-9% range. ▪ Low Gamma Ray (“GR”) readings in the AR-F shows clean limestone. GR signature is very consi
Slide 7: BED4-T100 Horizontal Well
BED4-T100 HORIZONTAL WELL ▪ The 308 meters of ARF lateral ARF Lateral Section section has penetrated an over- pressured reservoir with regions of excellent porosity and permeability with clear signs of free oil flowing into the wellbore and to surface with elevated gas readings across the zone. ▪ Su
Slide 8: BED-1 ARF Resource – Development Upside
BED-1 ARF RESOURCE – DEVELOPMENT UPSIDE ▪ BED 1-7 Vertical Recompletion was successful – produced at more than 1.25 BOPD / meter. ▪ BED4-T100 Horizontal Well was successful – producing more than 1.0+ BOPD / meter. ▪ 18-20 Follow-up drill locations @ 400m spacing available to drill in BED4 and BED 1
Slide 9: Analogue - Eagle Ford Oil Type Well vs. BED4-T100
ANALOGUE - EAGLE FORD OIL TYPE WELL VS. BED4-T100 ▪ Eagle Ford wells IP at around 740 bopd for 2,284 m average horizontal lateral length (ratio 32 BOPD / 100 meters) ▪ Currently, the average proppant used for these wells is around 16,000,000 lbs over the 2,284 m of average length. ▪ Wells cum about
Slide 10: Analogue - Eagle Ford Oil Type Well vs. BED4-T100
ANALOGUE - EAGLE FORD OIL TYPE WELL VS. BED4-T100 Eagle Ford Type T100 Avg length (meters) 2,286 m 308 m Avg proppant / well 16,000,000 lbs 1,035,000 lbs Avg proppant / meter 7,000 lbs/m 3,360 lbs/m 60 day IP / meter 740 BOPD = 0.32 ~400 BOPD = 1.0+ bbl/m bbl/m 12 month cum (bbls) 200,000 bbl total
Slide 11: Contact: TAG Oil, Vancouver
TSXV : TAO | OTCQX : TAOIF info@tagoil.com 1-604-682-6496 Suite 1710, 1050 West Pender Street Vancouver, BC V6E 3S7, Canada www.tagoil.com TAG OIL Ltd., www.tagoil.com 11