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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 smittyfrompaon Apr 12, 2011 12:44pm
373 Views
Post# 18419617

Nutall

NutallLooking over Garth Johnson's record, he apparently wore several CFO hats at once, for Adira Energy (still in business), AMG Oil (gone ?), Gondwana Energy (gone ?), and Austral Pacific (gone ?). IMO, TSX Venture companies, in the energy space, typically come and go, and the 2008 financial collapse magnified the bankruptcy scenario, greatly. While none of this is particularly encouraging, Nutall's comments would doubtless have applied to Interoil, IOC, 3-4 years ago, when more than one fund manager thought IOC was a scam. Nutall probably would have said similar things about Coastal Energy, three years ago, given Bartley's past issue with the SEC (I am a happy owner of CEN.V) In  late November, 2010, GMP Securities and Wellington West Capital had no issue with Tag management, when they took the overallotment of shares, at $5.20 Canadian. I'm sure that Wellington West and GMP did proper DD, before getting involved with Tag, and would probably be surprised to learn that Nutall is smart, and they are all stupid. Question of the day : why is Nutall comletely wrong about the price of NG in New Zealand ?
Bullboard Posts