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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 uptown59on Mar 19, 2014 9:12pm
267 Views
Post# 22344102

RE:RE:SEDI

RE:RE:SEDITag is not even close to buying thier limit at this point. I've watched and believe Tag has been buying strategically, but not relative to S.P., IMO, i believe it had more to do with Sentiment, but have since discontinued buy backs, and again in my opinion due to cash managment. By all indications Cardiff may not be the boon Tag was hoping for, and this could be supported by Cadenheads ellusiveness wrt heatseaker drilling timeline. I would guess that they don't have enough confidence at this point that Cardiff is indicative of Heatseeker potential.
Bullboard Posts