TAG Oil T-200 Well Reaches Target Depth in Badr Oil Field

TAG Oil Ltd., a Canadian-based international oil and gas exploration company, has provided an update on its ongoing drilling operations at the T-200 vertical well in the Badr Oil Field, located in Egypt's Western Desert. The well, which is targeting the Abu Roash "F" (ARF) formation, has successfully reached a depth of 4,102 metres, intersecting the top of the targeted ARF reservoir at 4,100 metres, in line with the geological forecast and budgeted drilling costs to date.

According to the company, the next phase of the drilling operations will involve the installation of a seven-inch liner casing string. Following this, drilling will continue through the entire ARF section to a projected total depth of approximately 4,200 metres. Upon reaching the total depth, the completion and testing operations will commence. Initial production test results are expected in late October 2026.

The T-200 well is part of the company's broader exploration efforts in the Middle East and North Africa, with the Badr Oil Field being one of its key projects. TAG Oil Ltd. has been focused on developing its operations in the region, with the Badr Oil Field being a significant part of its strategy. The well is targeting the Abu Roash "F" (ARF) formation, a known hydrocarbon-bearing zone in the area, which has been the subject of extensive geological studies and forecasts.

TAG Oil Ltd. is committed to maintaining transparency with its stakeholders and providing regular updates on its operations. The company's next update is expected to include the results of the completion and testing operations, which will provide insights into the potential of the well and the ARF formation. The company's focus remains on discovering and developing commercial accumulations of oil and natural gas in the region.

The T-200 well is part of a larger exploration program that TAG Oil Ltd. is conducting in the Badr Oil Field. The company has been working closely with local authorities and partners to ensure that all necessary permits and regulatory approvals are in place. The drilling operations are being conducted in accordance with best practices and environmental standards to minimize any potential impact on the local ecosystem.

The company's next update is expected to be released in late October 2026, following the completion and testing of the well. This will provide stakeholders with a comprehensive overview of the well's performance and the potential for future production. TAG Oil Ltd. remains optimistic about the potential of the ARF formation and is committed to delivering value to its shareholders and the broader oil and gas industry.

The company's next update will include detailed information on the completion and testing operations, as well as any preliminary findings from the initial production test results. This will provide a clearer picture of the well's potential and the company's plans for future development in the region.