TAG Oil Ltd. has successfully drilled its T-200 well to 4,102 meters at the Badr Oil Field in Egypt, reaching the targeted Abu Roash "F" formation as planned. The company will now install casing and continue drilling to a total depth of about 4,200 meters before starting completion and testing operations. Initial production test results are expected by late October 2026, which will provide insight into the well's commercial viability. TAG Oil will update investors as drilling progresses and results become available.
TAG Oil's T-200 well drilling update provides context for energy sector trading on Pluang. For readers following the energy sector, here is Pluang's market snapshot as of Oct 02, 2026 19:52 WIB: Out of 38 priced US energy stocks, 10 rose while 28 fell. Schlumberger NV (SLB) saw a 1-day price decrease of 1.77% with 100% buy orders and a typical hold time of 98 days, contrasting with Indonesia Energy Corporation Limited (INDO), which rose 1.86% but had 70% sell orders and a shorter hold time of 23 days. First Solar, Inc. (FSLR) increased by 1.67% with 100% buy orders and a 75-day hold time.
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