TAG Oil (TSE:TAO) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
TAG Oil Ltd. has completed the drilling phase of the BED4-T100 horizontal well in the Badr Oil Field, encountering an over-pressured reservoir with high porosity and free-flowing oil. The company is now preparing for the multistage hydraulic fracture stimulation, expected to begin mid-April, aiming to enhance the well’s production capabilities. This development marks an exciting step for TAG Oil, with the potential to significantly boost its oil production performance.
For further insights into TSE:TAO stock, check out TipRanks’ Stock Analysis page.
