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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
Comment by jstinveston Feb 11, 2013 4:14pm
298 Views
Post# 20970999

RE: New blog entry

RE: New blog entry

surprised to see it close in the $4.30s but on a positive note, the trading volume over the past 5 trading days has not reach 300K. This is positive in that the large sellers who were disappointed by the Apache pull out are most likely done with their selling.  It's also worth noting that other large shareholders are happy about taking back 100% control of East Coast, see the blog page:

"We have strong support from analysts following TAG, and the entire TAG team including large shareholders are delighted to take back 100% control of the project"

 

Bullboard Posts