TAG Oil Ltd.（多伦多证券交易所代码：TAO 和 OTCQX：TAOIF）（“AG Oil”或“公司”）希望提供有关 BED4-T100（“100”）钻井进展的以下最新信息埃及西部沙漠巴德尔油田（“ED-1”）水平井。

继公司于 2024 年 1 月 3 日更新最新信息后，公司已完成 BED-1 T100 井中间套管部分的重新钻探，将套管衬管降落在 Abu Roash “”（“ RF™）碳酸盐岩储层区，ARF 的测量深度达到 3,238 米。

TAG Oil现已开始T100水平产油层段的钻探，预计需要大约三周的时间才能完成计划的1,000米水平段的钻探并运行完井技术。然后钻机将被移离井场，TAG Oil 将立即进行 ARF 的水力压裂增产。 TAG Oil 将根据需要继续提供详细的钻井和完井更新。

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) would like to provide the following update on drilling progress of the BED4-T100 (“T100”) horizontal well in the Badr Oil Field (“BED-1”) in the Western Desert of Egypt.

Following the Company’s last update on January 3, 2024, the Company has since completed re-drilling from the intermediate cased section of the T100 well in BED-1, landing the casing liner in the Abu Roash “F” (“ARF”) carbonate reservoir zone, and reaching a measured depth of 3,238 meters in the ARF.

TAG Oil has now commenced drilling the T100 horizontal pay zone section, which is expected to take up to approximately three weeks to complete the drilling of the planned 1,000-meter horizontal section and run the completion technology. The drilling rig will then be moved off the wellsite and TAG Oil will immediately proceed with the hydraulic fracture stimulation of the ARF. TAG Oil will continue to provide detailed drilling and completion updates, as necessary.