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

Post by norim109on Dec 13, 2011 1:23pm

298 Views

Post# 19317731

Tag Value

Tag will soon become a 10,000 boe/d producer, essentially from its West properties. The planned 18 wells will add to this total. Fracking is not an issue in the East as surface water is naturally contaminated by oil and gas seeps.
You have to compare Tag with other oil companies working in a politically stable environment. The West properties has likely a value of over $10.00 per share and the East coast a value of over $5.00. Add future wells and you have a stock that will most likely valued by analyst at over $20.00 by next June (if the price of oil remains at the present levels).

Bullboard Posts

Barrick Gold employees detained in Mali amid ongoing dispute