TAG Oil Ltd. V.TAO

Buzz on the Bullboards: Major developments amidst market dynamics

[GoJerez2]

Yep bankers smell blood. Agreed way over done. They have enough for another well. Could do a small raise, drill 1-2 wells and tie all 3 into pipe. Possible to produce 2500/d  will need a large

[jake1444]

They had 19.5 million in cash as of March 31. Curious where they sit now.

[oilinvestor52]

yes decent result however company will need to raise more capital to further persue the play. dilution coming

[InfoIsKey]

Jim's take https://oilman.beehiiv.com/p/oilman-jims-letter-17-may-2024 Worth reading

[RockLobster1]

Malcolm Shaw makes a good case as to why this is a successful result...   It proves up the thesis to some degree so they carry on... He says that the 800 number should really be 1140... I

[windymayor1]

Yup. Over 50% sold by house 1 Anonymous. The project is a go! Hz frac works!

[KaiPar07]

Wow, amazing how quickly investors panic. Whatever, I'm buying more stock. Your loss, my gain. 

[oilisswell]

Market doesn't like hohum. Over 1 million shares sold already. Lots of people bought in looking for a home run and all they got was a walk. It will take a few more months before the next well so

[jake1444]

Crazy

[Jonathon Brown]

Several TSX-listed companies are making headlines with significant updates, strategic movements and quarterly reports. read article.

[PressRelease]

VANCOUVER, BC, May 16, 2024 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (FSE: T0P) ("TAG Oil" or the "Company") is pleased to announce initial production test results on its BED4-T100 ("T100") horizontal well, which tested at 800 barrels of oil per day ("BOPD"). The T100 well has...read article.

[leverage1971]

https://www.hydracapital.ca/2024/05/16/tag-forges-ahead-with-solid-well-test-at-badr/

[jake1444]

I think pretty good for a short horizontal leg but we will see what the market thinks.

[moneysworth]

Encouraging results, especially given the short interval. They now seem confident in the future of this play... ================ TAG Oil : Announces Successful Production Test Results from BED4

[jake1444]

Will be interesting to see what tomorrow brings as far as share price and maybe news.

[GoJerez2]

I agree with you. bizarre to sell before the announcement.  days away from the knowing.  We know oil flowed and there is very high pressure.  So is it 500 or 1000 or 2000boe/d each