TAG Oil Ltd. has completed drilling its T-200 exploration well at the Badr Oil Field in Egypt's Western Desert, reaching a depth of 4,160 meters targeting the Abu Roash "F" reservoir. Preliminary data indicates the presence of an oil-bearing reservoir with good porosity, hydrocarbon shows, and natural fractures, suggesting potential for oil production. The company plans to proceed with well completion and testing, with initial production results expected later this month. This milestone is significant for TAG Oil's development program in the region, and further results will be reported after testing is complete.
TAG Oil's T-200 well reaching total depth and showing positive reservoir results provides context for energy sector activity. For readers following energy stocks, here is Pluang's market snapshot as of Oct 12, 2026 16:31 WIB: out of 62 priced Energy-sector US stocks, 33 rose and 16 fell. Notable movers include TotalEnergies SE (TTE) at USD 87.58 with a 1-day change of +1.71% and a typical hold time on Pluang of 91 days, Equinor ASA (EQNR) at USD 43.50 up 1.14% with a 59-day hold, and Ultrapar Participacoes S.A. (UGP) at USD 7.81 down 1.14% with a 2-day hold.
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