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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
Comment by edubon Feb 23, 2011 10:45am
356 Views
Post# 18179817

RE: Erthquake in NZ

RE: Erthquake in NZYes it IS on the other island, HOWEVER, im having some concerns over SP right now, what are the thoughts out there? It seems there is some doubt or something triggering this slow but steady decline of recent past, but why?  I would think with reserves, great quality, great explorer, great company, lots of potential, tied up to a pipeline, proximity to world markets that ARE AFFECTED by recent political upheavals AND energy prices/crises.... whats up?  I'm not expecting something unreasonable, but definitely curious about why we have continued falling after an announcement for step out drilling (which should contribute in the shorter term to increased revenues on tap...) program, AND a sector that is bouncing last couple days, HUH???
Bullboard Posts