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.

Bullboard Posts

Comment by oilandgas111on Jun 03, 2011 8:58am

209 Views

Post# 18666535

RE: RE: RE: RE: RE: NR re Sidewinder Flow Test

I am not pessimistic. If u read again I said NG is worthless but oil very valuable.
So Cheal is where the money can be done, that's all.
and second thing. I never said NG was unprofitable, but VERY low profit margin.
Oil is 6 to 7 times more valuable for TAG than NG
That is why now they focus on CHEAL. That's simple
And why I am still on this board. Just as I said before I put order in the low 5$ 2 months ago when we were at 7$ everybody laugt at me saying we will never reach that level. We were very close to my target price. And I think we can still reach it.
This stock is worth around 4$ for cheal (around 15MM barrel reco potential) and sidewinder plus 1$ for the east coast property.

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