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home / news releases / TAO - TAG Oil achieves first oil production in the Badr Oil Field in Egypt's Western Desert

TAO - TAG Oil achieves first oil production in the Badr Oil Field in Egypt's Western Desert

Invesco China Real Estate ETF Invesco Capital Management LLC

(NewsDirect)

Tag Oil Ltd CEO Toby Pierce joinedProactive's Stephen Gunnion with news that the company hasachieved its first oil production in the Badr Oil Field in Egypt'sWestern Desert.

The companyannounced the successful re-entry of the vertical well, BED 1-7, atthe Badr Oil Field after perforating the Abu Roash “F” formationand conducting a Diagnostic Fracture Injectivity Test.

Piercetold Proactive the company aims to double or triple its acreageposition at the Badr Oil Field and potentially make acquisitions inthe future. The next big catalysts for TAG Oil are the sustained flowrate from the recently completed well and the drilling of a horizontalwell.

Contact Details

ProactiveInvestors

+1 604-688-8158

na-editorial@proactiveinvestors.com

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Stock Information
Company Name: Invesco China Real Estate ETF Invesco Capital Management LLC
Stock Symbol: TAO
Market: NYSE
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