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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
Post by prospect_93on May 31, 2010 5:58pm
409 Views
Post# 17144604

Another Play

Another Play

Do you have some land in the area that you would like to farm-out?

The area is not gas, so I'd get some new phone a friends. There are some very nice vertical oil producers next to ACG's land. Yes, there was a financing at 0.07c, but they needed to raise money to buy the land.  The reserves report will be sizable.

There is little risk here as there is public data that shows oil saturated Nordegg, as well as producing wells in the area. Yes, it will cost ~5 million to drill and complete a well, but there are large reserves to be unlocked.   It could be prolific. 

Trying new things is the future of the industry. This zone is a great source rock and regional studies have shown that the oil has not significantly migrated out of the zone.

And yes, the Bakken is in SE Sask, not next to Grande Prairie.

Little luck required on this one.

No further comments.  Now bash away!

Bullboard Posts