11:16 AM EDT, 03/18/2024 (MT Newswires) -- TAG Oil Ltd. ( TAOIF ) on Monday rose 2.2% on last look after reporting the completion of the drilling phase for the BED4-T100 horizontal well in the Abu Roash "F" limestone formation.

The well has penetrated an over-pressured reservoir with regions of exceptional porosity and permeability, the company said.

TAG Oil ( TAOIF ) is now optimizing the multistage hydraulic fracture completion design to maximize the stimulated reservoir volume of the wellbore.

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