TAG Oil (TSE:TAO) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue