TAG Oil has provided an operations update as the Company initiates Phase 1 of its strategic development program of the unconventional Abu Roash F ( ARF ) reservoir in the Badr oil field ( BED-1 ).
TAG Oil has chosen the BED 1-7 vertical well for its first re-completion and evaluation operations in BED-1. The data collected from BED 1-7 and incorporated into the modeling studies will help facilitate plans for drilling the first horizontal ARF well in BED-1.
Gunsynd, an investment company, has invested AUD$90,000 (approx. £50,000) into Omega Oil & Gas, an ASX listed Australian energy and resources company focused on natural gas exploration and oil production.
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