Canadian Commodity Report Credit Suisse Jan 14 TAG Oil (Neutral, TP C$5)
Within our coverage space, we believe TAG provides the greatest upside potential in the near term with its Cardiff deep gas exploration prospect (US$2.40 un-risked) in New Zealand. The well has been drilled and 230 feet of potential net pay across three zones has been found. Non-stimulated production testing is expected to begin with stimulated production testing to follow if necessary. Production test results are expected in the February 2014. Beyond Cardiff, TAG is expected to spud its second high impact deep gas exploration prospect, Heatseeker (US$2 un-risked). Furthermore, we could also see TAG test its shale oil well in H1/14. We currently hold the shale oil project at US$14.50 un-risked
This is copied from the report referenced above. Sorry guys, best I can do at this point. GLTA