A company called TAG Oil wants to try a new way of finding oil in Egypt. They will drill a special kind of hole that goes sideways instead of going straight down. This could help them find more oil and make more money. If this works, it might make the company worth more and people might want to buy their shares. Egypt is a big country that produces a lot of oil and gas already, but no one has tried this new way of finding oil there before. Read from source...

- The article does not provide enough information about the unconventional oil and gas production techniques used in North America that could be applied in Egypt. It only mentions horizontal drilling without explaining how it differs from conventional vertical drilling or what advantages it offers.
- The article uses vague terms like "unconventional resource development techniques" and "ARF interval" without defining them or providing any background information for the readers to understand their significance.
- The article relies heavily on quotations from company executives, partners, and analysts who have a vested interest in promoting TAG Oil's success. It does not present any independent sources or data to support their claims or counterbalance their opinions.

Positive

Explanation: The article discusses an unconventional oil play in Egypt that could potentially pay off big for TAG Oil Ltd. The company is about to test its first horizontal well in the Badr oil field concession, which could help them unlock the potential of the ARF oil play within the field. Success with this flow test could be a significant catalyst for TAG Oil's share price. Additionally, Egypt has received a US$55 billion rescue package that makes it seem less risky as an oil and gas jurisdiction. These factors contribute to a positive sentiment in the article.

The unconventional oil play in Egypt could potentially pay off big for TAG Oil Ltd., especially if they succeed in testing their first horizontal well in the BED-1 oil field. This would demonstrate the viability of the ARF interval as a productive oil reservoir, and open up new opportunities for TAG Oil to generate cash flow from bigger and more complex assets. The risks include political instability, regulatory uncertainty, and competition from other players in the region. However, the favorable economics of the play, coupled with the experienced management team and the recent rescue package for Egypt, make it an attractive investment opportunity for risk-tolerant investors seeking exposure to the oil and gas sector.