TAG Oil Ltd. V.TAO

For those unaware

[leverage1971]

Tag Oil on Twitter

[DocPat]

That's awesome!! )) Lots of slippery oil dripping off that perf string ;) .. Half a billion bbls .. that's a LOT of oil :)) Doc.

[Overertune]

Hi, Doc, what is your estimate of TAO's share price, with half billion oil? thanks

[DocPat]

Boy, that's a tough one. The half a billion bbls is Original Oil In Place (OOIP) and so we have to understand what the recovery factor would be. TAG is using the Eagle Ford as an analog (See their presentation:https://tagoil.com/wp-content/uploads/2023/04/TAG-Corporate-Presentation-April-2023.pdf ) but looking at the Satista website it is interesting to not that the Eagle Ford had the lowest