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TAG Oil Ltd. V.TAO

Alternate Symbol(s):  TAOIF

TAG Oil Ltd. is an international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa. It holds an interest in the Badr Oil Field (BED-1), a 26,000-acre concession located in the Western Desert, Egypt, through a production services agreement (the 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 its phase I development program of Abu Roash F (ARF) reservoir in BED-1. The BED 1-7 well started oil production from the ARF reservoir. Its Field Development Plan (FDP), consisting of drilling 20 horizontal wells to be completed with multi-stage fracture stimulation, is focused on the east central part of the BED-1 concession area and contains OIIP P50 volumes of 178.3 million barrels and mean volumes of 179.0 million barrels. Its subsidiaries include TAG Energy International Ltd., CX Oil Limited, and others.


TSXV:TAO - Post by User

Bullboard Posts
Post by BenVest99on Aug 31, 2010 11:11pm
548 Views
Post# 17402570

Drilling in September

Drilling in SeptemberI just found out that they are starting to drill a well in September and that they are expecting production of 1,000 boe / day from that well. They expect to exit 2010 producing 1,500 boe /day.

The latest presentation is very interesting: https://www.tagoil.com/pdf/TAG_Corporate_Presentation_08-2010.pdf

They also have a plan for 4 other wells that are also expected to produce 1,000 boe / day. I wonder if the market has been aware of this info and if it's already priced in? I'm interested to know how many of you were aware of these details?

Technically the stock is on its $2.50 support and the next stop is around $2.20. Markets look bearish so it would be a good time for the manipulators to start to shake the tree to get cheap shares before the results are out. Or will the SP start to move up in anticipation of the results?

My back of the enveloppe math gives me a value of $1.50 / share for each additionnal 1,000 boe / day of production.

GLTA
Bullboard Posts

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