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TAG Oil Ltd. V.TAO

Alternate Symbol(s):  TAOIF

Energy Oil & Gas E&P
TAG Oil Ltd. is an international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa. It holds an interest in the Badr Oil Field (BED-1), a 26,000-acre concession located in the Western Desert, Egypt, through a production services agreement (the 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 its phase I development program of Abu Roash F (ARF) reservoir in BED-1. The BED 1-7 well started oil production from the ARF reservoir. Its Field Development Plan (FDP), consisting of drilling 20 horizontal wells to be completed with multi-stage fracture stimulation, is focused on the east central part of the BED-1 concession area and contains OIIP P50 volumes of 178.3 million barrels and mean volumes of 179.0 million barrels. Its subsidiaries include TAG Energy International Ltd., CX Oil Limited, and others.


TSXV:TAO - Post by User

TAG Oil Ltd.
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Comment by jstinveston Jan 17, 2013 10:18pm
363 Views
Post# 20854459

RE: RE: RE: David Pescod on Tag/Apache today

RE: RE: RE: David Pescod on Tag/Apache today

stockbaby, you are way offbase. It's quite clear why apache is leaving:

John Roper, Apache's manager of public affairs, said the company had many opportunities across its global portfolio and had to make daily decisions about priority for capital expenditure.

"They were also frustrated with the regulatory regime in New Zealand and were concerned that planned changes to that regime would not happen fast enough to push the project forward."

By the way, did you see Apache recent quarterly results and how much it's down due to lower natural gas prices? Why would they spend lots of cash in non core areas if they are not generating as much cash?

Apache third quarter net sinks 82% on Canada write down, natural gas prices:

https://www.worldoil.com/Apache_3_quarter_net_sinks_82_on_canada_write_down_Natural_Gas_prices.html

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