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.

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TAG Oil Ltd.

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Comment by oilandgas111on Jun 08, 2011 6:33am

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Post# 18685222

RE: 20,000 (thousand cubic feet ) per day..

Cabel1,
Where ur demonstration is wrong is OIL ans Gas companies are valued at around 50 to 60% their sales (I took the average of the 10 biggest oil and gas companies in the world : Exxon, Total, chevron.....)
For instance Total is valued at 52% of its sales and 6 times its profit. (sales of 160 billions, 11 billions profits and market value of 88 billions)
so makes ur computation again with those numbers and u will be closer to the reality.
Julien

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