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TAG Oil Ltd. V.TAO

Alternate Symbol(s):  TAOIF

Energy Oil & Gas E&P
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

TAG Oil Ltd.
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Post by toto3321on Mar 01, 2011 12:03pm
351 Views
Post# 18212363

3rd quarter results+sidewinder-1 @ 1300-1600boepd!

3rd quarter results+sidewinder-1 @ 1300-1600boepd!
TAG Oil Ltd (2)
Symbol
C : TAO
Shares Issued
49,904,991
Close 2011-02-28
C$ 6.68
Recent Sedar Documents

This is great news!
Enjoy....
toto
TAG Oil earns $2.1-million in Q3 2011

2011-03-01 11:55 ET - News Release


This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:

Mr. Dan Brown reports:
TAG OIL REPORTS STRONG THIRD-QUARTER RESULTS AND OPERATIONAL HIGHLIGHTS
Vancouver B.C. - March 1, 2011 - TAG Oil Ltd., a New Zealand-focused oil production and exploration company listed on the TSX Venture Exchange in Canada (trading symbol "TAO"), is pleased to provide an operational update, and to advise that the Company has filed its third-quarter financial report for the period ended December 31, 2010. All figures are in Canadian dollars unless otherwise noted.
TAG Oil Recent Highlights:
Q3 production revenue of $3.85 million, up 60% over last quarter (nine months: $8.08 million up 71% from same period last year)
Net operating profit of $2.1 million, more than double over last quarter (9 months: $3.8 million up 64% from same period last year)
$74.3 million in working capital, no debt
Sidewinder-1 discovery well achieves strong flow rates of 1300 to 1600 barrels of oil equivalent per day

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