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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 Oct 11, 2014 2:14pm
286 Views
Post# 23021663

i wonder, could now be the time

i wonder, could now be the timeWith oil predicted to slide another couple of bucks, could TAG have bottomed finally, could be a trade soon, tax loss selling has already begun, but i think there has been hedging, more selling then buying recently, but not enough of a difference to suggest dumping. I suspect some feel that TAG could recover enough to not warrant tax loss selling, and if a recovery is timed with a rising oil price, it could be a good trade. Timing will be everything,
Bullboard Posts