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TAG Oil Ltd. V.TAO

Alternate Symbol(s):  TAOIF

Energy Oil & Gas E&P
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

TAG Oil Ltd.
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Post by Adahondeayenhon Oct 17, 2010 7:15pm
490 Views
Post# 17574894

This sounds great - but wait a second...

This sounds great - but wait a second...From stockhouse front page...

"However, in an *April 21* [emphasis added] internalsales briefing obtained by Stockhouse,  Nicol  and fellow GMP analystToby Pierce estimated that TAG would have an un-risked value ofapproximately $225 per share if the company can unlock the potential ofits unconventional oil shale plays on New Zealand’s North Island."


This would be SWEET if I could believe this ! Maybe, though, they were just a little over-enthusiastic from yesterday's celebrations ??? Maybe they had some brownies left over...
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities