TAG Oil Ltd. Commences Re-Completion in Badr Oil Field
TAG Oil Ltd., a Canadian oil exploration company, has announced that it has commenced re-completion in the existing vertical well BED 1-7 in its Badr Oil Field in the Western Desert of Egypt. The company made the announcement on March 10, 2023, and stated that it has big plans for the rest of the year.
According to TAG Oil Ltd., the re-completion in the Badr Oil Field is part of its ongoing efforts to increase production and expand its operations in Egypt. The company has been exploring the Western Desert for several years and has identified several promising oil and gas reserves in the region.
In addition to its operations in Egypt, TAG Oil Ltd. has also been recognized for its performance in the Toronto Stock Exchange (TSX) Venture 50 list. The company was ranked number six among the energy sector companies, which is a significant achievement for a relatively small oil exploration company.
The TSX Venture 50 is an annual ranking of the top 10 performing companies in the TSX from the past year across five sectors including energy, mining, clean technology and life sciences, diversified industries, and technology. The ranking looks at the best TSX-listed companies in terms of market capitalization, share price, trading volume, and other factors.
Experts are optimistic about TAG Oil Ltd.’s future prospects, citing the company’s strong management team, solid financial position, and promising oil and gas reserves. With the global oil market expected to rebound in the coming years, TAG Oil Ltd. is well-positioned to capitalize on the growing demand for energy and expand its operations in Egypt and other regions.
Investors are also taking notice of TAG Oil Ltd.’s potential, with the company’s stock price rising steadily in recent months. As the company continues to execute its growth strategy and expand its operations, it is likely to attract even more attention from investors and analysts alike.
