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TAG Oil Ltd. TAOIF


Primary Symbol: V.TAO

TAG Oil Ltd. is a Canadian-based international oil and gas exploration company. The Company is focused on oil and gas exploration and development opportunities in the Middle East and North Africa (MENA). In the Western Desert of Egypt, it is developing the unconventional heavy oil Abu Roash F (ARF) formation in the Badr oil field (BED-1). It holds an interest in the Badr Oil Field (BED-1), a 26,000 acres concession located in the Western Desert, Egypt, through a Production Services Agreement (PSA) with Badr Petroleum Company (BPCO). It is focused on BED-1 the re-completion and evaluation operations of the BED 1-7 vertical well. These initial operations are part of TAG’s phase 1 development program of ARF reservoir in BED-1. The BED 1-7 well started oil production from the ARF reservoir. Its subsidiaries include TAG Energy International Ltd., TAG Petroleum Egypt Ltd. (Cyprus), TAG Petroleum Egypt Ltd. (Egypt Branch), TAG Oil (NZ) Limited, Trans-Orient Petroleum Ltd and others.


TSXV:TAO - Post by User

Comment by pensionmoneyon Apr 29, 2024 9:58pm
98 Views
Post# 36013910

RE:What should I be looking for next?

RE:What should I be looking for next? welcome,

The immediate future of TAG will be the results of the oil flow from the well they are currently working to complete. The flow of frac fluid should be completed in a week or so, then they will measure the flow of oil (bpd). The management is anxious to get this info to the investment community as there has been a couple hiccups with the drilling. News of flow rates should be out within 2 to 3 weeks. Historically we have seen a mediocre run up in stock price into anticipated news, if flow rates are commercial (perhaps in the neighborhood of 1000 bpd) then we could see the building of a solid company. Conversely if flow rates are considered weaker than anticipated then it will take more time and work on future wells.

Management has given every notion they expect really positive results (see previous news updates)

Please continue your own due diligence...the comments above are regurgitation of others comments such as Malcolm Shaw at Hydra, news releases etc...I certainly have no real other insight but I do have skin in the game.

Good luck.

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