Bill Newman is Vice President, Senior Analyst with Research Capital Corp. He holds a bachelor's degree in commerce from the University of Calgary, and has a CFA designation.
Tag Oil updated drilling operations at its BED4-T100 horizontal well, noted a Research Capital report.
This event follows a month-long delay in drilling due to a mechanical issue and creating a new operational plan, noted a Research Capital Corp. report.
By drilling this and future wells, the oil and gas firm is "looking to unlock the potential of the Abu Roash F formation," noted a Research Capital Corp. report.
The stabilized flow rate of this vertical well in Egypt bodes well for imminent testing of the firm's first horizontal well in the same formation, noted a Research Capital Corp. report.