TAG Oil Ltd. V.TAO

Alternate Symbol(s): TAOIF

Energy Oil & Gas E&P

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

TAG Oil Ltd.

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Comment by uptown59on Oct 01, 2014 2:57pm

188 Views

Post# 22987862

RE:RE:RE:RE:RE:Crazy, Crazy, CRAZY...!

If production drops SP will go lower than 1.50, however if production goes up at least 250, this might be a good trade, short term. Mid term, we have nothing on the radar in the way of catalyst to sustain a significant SP rise. Decline rates are and have been measurable, so Crazy is right wrt to his 10% and that is being kind.

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