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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 ziggy19on Jan 06, 2011 1:11pm
590 Views
Post# 17933681

But then again

But then againyou`ve got Wellington West with a $9.50 target expecting the well to come in at 500 BOED which it basically did (400-500) but this team having shown it can do work overs and improve those numbers so in my humble opinion nothing has changed in the story..the news was all systems go...steady as she blows....geez what would have happened if they had drilled a duster? lol   500 Barrels of oil per day?Bad News? lol I added today but am pissed I was n`t more patient on the warrants my 3 dollar bid got hit after I retracted and hit the ask for $3.25...maybe I try my luck again.
Bullboard Posts