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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 WinstonSmithon May 29, 2013 9:27am
364 Views
Post# 21458662

Smackdown?

Smackdown?

OK.. the actual real time production numbers are disapointing, but clearly they will increase rather quickly from here on in. No matter, these numbers do not justify yesterday's smackdown...  market cap down 35% with only 5% of shares being traded... doesn't fit the profile of concerned investors cutting there losses... looks more like

manipulation by the pros to shake out weak hands.

Trouble with shorting is that there now is a built in demand on the long side to cover... I think at these prices the pros have overplayed their hand and will need to cover quickly, potentially sending the sp back from whence it came. Long term technicals looks like a double bottom forming. Good time to pick up shares on a fundamental, value basis as well.. as has been pointed out in previous posts.

Bullboard Posts