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TAG Oil Ltd. updated on the 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 Jan. 3, 2024, TAG has 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 metres 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-metre horizontal section and run the completion technology.

After the drilling rig moves off the wellsite, TAG Oil will promptly begin the hydraulic fracture stimulation of the ARF. Detailed drilling and completion updates will be provided by TAG Oil as needed.