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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

Comment by oilinvestor52on Feb 13, 2024 2:08pm
147 Views
Post# 35878064

RE:RE:Question for Moneysworth

RE:RE:Question for MoneysworthThanks Moneysworth but a lot can change since June 30/23 esp with drilling issues. You are saying one thing but the TAG market is saying something else. I'm confused.

I'd like to know what is currently left in working capital afer this well gets tied in. You said TAG was good on the capital front for the forseeable future inc drilling and completion.

Do you have the numbers as you referenced in your earlier posts? My guess is they will need to do a raise sometime soon likely before they start fracks. 

In regards to GIC's in your registered account fortunetly thats not something I need to worry about. I find GIC and MM a good place to park and wait for opportunity. Also, if you have enough mass a little bit of errosion is not so bad. 

Donald
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