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 wisdompleaseon Mar 01, 2012 9:29am

244 Views

Post# 19609918

RE: RE: RE: The Next One?

PMI - Petromanas is the next one. I have already been scolded for recommending them on the TAG board so I'll limit my comments. To clarify, I am a TAG shareholder and a very happy one at that. I won't outline all the exciting things going on with PMI right now so pls do own DD. The big recent news is Shell has JV'd. The stock took a recent run but is still low (~ 28 cents) and trading sideways before drilling starts in the next month or two.

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