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.

TSXV:TAO - Post by User

TAG Oil Ltd.

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Post by jstinveston Feb 22, 2013 8:54pm

460 Views

Post# 21031751

Insider Buying Today:

They bought another 26K today in addition to yesterday's 25K, I was hoping they buy the daily max of around 46K but if they continue buying 25K everyday until end of March when the big news of incresead production levels should come out, then the stock will do really well. I don't think they reach a million shares bought back as yet and they would like to buy back over 5 million shares so there's lots of cash to buy shares going forward: