TAG Oil Ltd. V.TAO

Buzz on the Bullboards: Tech gains amid weak commodities

[oilinvestor52]

Chairman Abdel Badwi:  $615,000 CEO Toby Pierce:  $475,000. CFO Barry NacNeil:  $262,000. COO Suneel Gupta: $378,000.

[PressRelease]

VANCOUVER, BC, May 28, 2024 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (FSE: T0P) ("TAG Oil" or the "Company") is pleased to announce that the initial flow-back operation at the BED4-T100 ("T100") horizontal well has been completed. The workover rig has been mobilized to the T100 well...read article.

[oilinvestor52]

What is the estimated the value of the NZ royalty?

[DocPat]

Yes .. the royalties from NZ throw off good coin and the operators would want to consolidate. Seems like a natural.  Doc.

[RockLobster1]

Hopefully this is just speculators betting on one drill result and expecting the moon.... I have been adding from 46 cents to today at 41... so getting my avg down.  The news seems like a success

[oilinvestor52]

What are the non core assets that you are referring to? Do you mean their royalties from the previous NZ production? Best regards. Donald

[DocPat]

Hello Oili, My bet is on divestment of non-core assets. They are given zero value by investors and they now have plus or minus a 1000 bls/d of their own and according to Shaw, if they can get that

[oilinvestor52]

"play will become self funding relatively quickly". Moneysworth what is the timing you are projecting? Also you don't expect much dilution? What method of funding are you

[Jonathon Brown]

Weak commodity prices and a significant sell-off among heavyweight financial shares counterbalanced gains. read article.

[moneysworth]

Don't think the insiders with huge positions are gonna want too much more dilution, especially Abby with 5 1/2 mil shares, Wilson with 6 mil and Askar with just under 30 million shares.... to name

[oilinvestor52]

I understand the project has good potential however how much more dilution is coming on top of the 180M shares already out.  

[jake1444]

The audio update is worth listening to. Will be installing a jet pump on the new horizontal well. Expect to produce in excess of 800 boepd for several months. Will be drilling another well by years

[Surfit]

I have no knowledge on fracking but they seem to have got very close to their targets, so why has the market reacted badly, or is it just profit taking.  With regards to financing, I would have

[GoJerez2]

Yep bankers smell blood. Agreed way over done. They have enough for another well. Could do a small raise, drill 1-2 wells and tie all 3 into pipe. Possible to produce 2500/d  will need a large

[jake1444]

They had 19.5 million in cash as of March 31. Curious where they sit now.

[oilinvestor52]

yes decent result however company will need to raise more capital to further persue the play. dilution coming