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TAG Oil Ltd. V.TAO

Alternate Symbol(s):  TAOIF

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

Bullboard Posts
Comment by lockstock99on Mar 23, 2010 8:15pm
592 Views
Post# 16916188

RE: RE: Negative mention Pescod

RE: RE: Negative mention PescodI don't have a link but I can paraphrase and even better I was able to reference the analysts comments he mentions. Briefly, he mentions some stocks that Keith Schaefer of "Oil and gas bulletin" recommends as sells in his newest letter (not TAG) but also mentions that Schaefer has cautions about the short term performance of TAG although Pescod himself thinks this will be a long term winner. I was able to read the Schaefer article itself-  he owns the stock. He thinks it is technically weak and there will be no news on their shale play for many months so he sees a potential downside chartwise to $2-2.20. Nothing fundamental, just technical analysis. To me that is not a  big worry even though my average purchase price is $3. I can always buy some more at a discount. Hope that helps
Bullboard Posts