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.

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TAG Oil Ltd.

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Post by verypooron Jan 14, 2011 3:54am

1329 Views

Post# 17970760

Seems like the real deal

Tag seems like they have some good land, lots of money and proven management . Have been reading over the info on their website and I can't seem to find any downside. I am not a pro, but the main thing any junior oil company needs to grow is good land, and Tag seems to have it. No debt, share structure is very reasonable at 55million fully diluted and cash flow that should increase substancially over 2011 and beyond. Rig in place for at least 10 wells. Should soon be able to grow from cash flow. To me this looks like a very good investment, but always DYODD.

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