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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 verypooron Mar 26, 2014 5:06pm
255 Views
Post# 22372228

RE:RE:RE:RE:RE:Shares traded

RE:RE:RE:RE:RE:Shares traded
Good for you, however, since day 1, Tag has always been hyping the "next" project. At one point Tag was suggesting Cardiff would increase production x4, Tag also projected 5000 bbl/day, Heatseeker "is the play Tag is most excited about". If Tag has $67mm in the bank, and all approvals, why not mobilize the rig to the lease and get on with it?? Tag's production will start a sharp decline as soon as Tag stops drilling, the cash flow will fall as well. Good luck, but Tag has not delivered the goods in a lasting way, it is questionable if Tag ever will. I took my lumps and sold my trading position, still have some in TFSA, which is 40% under water, waste of money. Not impressed with Tag at all, but again, this is my opinion only, to each his own. Good luck.
Bullboard Posts