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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 uptown59on Sep 11, 2014 4:38pm
451 Views
Post# 22928505

I`ve been watching opening each day

I`ve been watching opening each dayBe careful those who buy at market prices, each morning I see a ridiculously high ask price. Then shortly after open we`re seeing green on buys of upto 10K shares, then each day there is a steady slow dumping, this is the big guys trying to find buyers. This stock is tanking, there is bad news out there, its coming. I certainly would not be buying now, and if I was holding I would be thinking about cashing out. Yes, price of oil is declining, probably another 6 to 10 bucks before a bottom is in. World demand is weakening, I would say that the Euro and UK/Scotland debacle will have more of an impact on global economy than Ukraine/Isis, however, I`m watching for an entry into several areas, but I`m out until last options exercise of September, 26th, beware market crash first week of October, this is when the real opportunities will present themselves, check gold right now, it sucks.
Bullboard Posts