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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 Danka12on Feb 21, 2013 12:27pm
327 Views
Post# 21023237

RE: danka12

RE: danka12

out a while ago. so no shrs to sell you. and i wouldn't necessarily short it here either. but surprised your boy garth still hasn't bought any shares in the mrk. what's your rationale on buying it? what do you think a typical cheal well with produce in terms of EUR? what are your thoughts on low vitrinite reflectance on east coast? or low TOC? or the fact that drew said he needs 15 wells per year to keep production flat - that's 45mm a year of maint capex to arrest the decline. how many locations do they have on just 10k acres? they still trade at $27/boe with half of that gas. so they have to materially prove up reserves to justify buying. and that comes down to EUR per well. is it 100k or 500k, that's the question (based on declines, i say it's low). and how many locations do they have. 

Bullboard Posts