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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Post by oilandgas111on Dec 07, 2011 4:20pm

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Post# 19300886

Cannacord comments on TAG today

We’ve been talking about how Warren Verbonac of Un- ion Securities has been suggesting that looks like the oil shale could work plus given their other operations, giving this stock a firm base.
One stock that I’m sure you haven’t heard of is Cove, which trades on the AIM market for their massive, possi- bly 30 TCF discovery on the East Coast of Africa in Mo- zambique. Tiny Cove only has about a 10% to 20% inter- est in the play and needless to say, plays like this take a long time to develop, but it is one he suggests is worth watching.

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