TAG Oil (TSE:TAO) has released an update.
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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.
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