TAG Oil completes T-200 drilling, finds oil indications in Egypt
T-200 reached 4,160 metres at Egypt’s BED-1 concession. TAG Oil estimates 14 metres of net oil pay in the Abu Roash "F" reservoir and plans testing.
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what happened
According to TMX Newsfile, Canadian oil and gas company TAG Oil Ltd. (OTCQB: TAOIF; FSE: T0P) has completed its T-200 exploration well at the Badr Oil Field in Egypt’s BED-1 concession. The well reached a final total depth of 4,160 metres while targeting the Abu Roash "F" (ARF) reservoir in the Western Desert.
A preliminary review of drilling data, mud logs and wireline logs points to an oil-bearing ARF interval. The section encountered between 4,102 and 4,160 metres consists of 58 metres of limestone with good oil shows. Initial log interpretation estimates 14 metres of net oil pay, with average porosity of 8% and a maximum of 10%; permeability characteristics also suggest naturally fractured rock.
TAG Oil plans to move directly into completion and testing work, with initial production-test results expected later this month. Executive Chairman and CEO Abby Badwi described the successful, on-budget drilling campaign as an important milestone for the BED-1 development programme. The company will release further results after testing, while noting that preliminary estimates remain subject to revision and do not establish commercial hydrocarbon volumes or future production rates.
why it matters
The logs provide TAG Oil with an initial basis for evaluating the BED-1 reservoir, but the commercial significance of T-200 will depend on completion and production-test results.
instruments
sources
- TAG Oil Announces T-200 Well Reaches Total Depth and Reports Positive Abu Roash "F" Reservoir Log Results — TMX Newsfile, 12 October 2026 at 13:00 UTC
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