TAG Oil Spuds T-200 Well at the BED-1 Concession in Egypt

TAG Oil has begun drilling operations at its T-200 vertical well (BED-1) in Egypt’s Western Desert. The update is a positive operational milestone, though without quantified production or financial impact it is unlikely to materially move markets beyond TAG Oil’s own equity.

Analysis

TAG Oil has begun drilling operations at its T-200 vertical well (BED-1) in Egypt’s Western Desert. The update is a positive operational milestone, though without quantified production or financial impact it is unlikely to materially move markets beyond TAG Oil’s own equity.