TAG Oil Ltd.（多伦多证券交易所代码：TAO）（OTCQX：TAOIF）（“TAG Oil”）很高兴地宣布，其在巴德尔油田（“BED-1”）正在进行的勘探和开发工作取得了重大里程碑，并成功完成了勘探工作。 Abu Roash“F”石灰岩地层（“ARF”）的 BED4-T100（“T100”）水平井钻井阶段。

该井已经穿透了一个超压储层，该储层具有异常的孔隙度和渗透率。在钻井作业期间，有明显迹象表明游离油流入井眼并流至地面，同时 ARF 地层中的气体读数持续升高。ARF 区域的高压和潜在的高气油比预计将提高 T100 井的生产能力。

鉴于钻井过程中观察到的储层压力和气体读数明显较高，TAG Oil 已主动决定将横向长度调整至 308 米（1,000 英尺），作为安全措施。该公司目前正在优化多级水力压裂完井设计，以最大限度地提高井眼的增产储层体积。所遇到的储层段的卓越品质呈现出令人兴奋的前景，为 ARF 水平井水力压裂增产后的强劲产油性能提供了潜力。

开始压裂改造所需的竣工阶段的准备工作正在顺利进行。完井所需的 4-1/2" 尾管及封隔器组件已安装完毕，钻机正在释放。完井地面设备和人员将调动至 T100 井位，公司预计4 月中旬开始增产。TAG Oil 将根据需要继续提供进一步的更新。

TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) ("TAG Oil") is pleased to announce a significant milestone in its ongoing exploration and development efforts within the Badr Oil Field ("BED-1") with the successful completion of the drilling phase for the BED4-T100 ("T100") horizontal well in the Abu Roash "F" limestone formation ("ARF").

The well has penetrated an over-pressured reservoir with regions of exceptional porosity and permeability. During drilling operations, there have been clear signs of free oil flowing into the wellbore and to surface, accompanied by consistently elevated gas readings across the ARF formation. The high pressure and potentially high gas to oil ratio in the ARF zone are projected to enhance the T100 well's production capabilities.

Given the notably higher reservoir pressure and gas readings observed during drilling, TAG Oil has made the proactive decision to adjust the lateral length to 308 meters (1,000 feet) as a safety measure. The Company is now optimizing the multistage hydraulic fracture completion design, poised to maximize the stimulated reservoir volume of the wellbore. The exceptional quality of the encountered reservoir section presents an exciting prospect, offering the potential for robust oil production performance following the hydraulic fracture stimulation of the ARF horizontal well.

Preparations for the completion stage, necessary to commence fracture stimulation, are well underway. The 4-1/2" liner with the packers assembly required for the completion has been installed and the drilling rig is in the process of being released. The completion surface equipment and personnel will be mobilized to the T100 well location and the Company expects to start stimulating the well by the middle of April. TAG Oil will continue to provide further updates, as necessary.