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 taman1on Sep 11, 2012 6:44pm

328 Views

Post# 20349809

RE: RE: RE: RE: RE: RE: RE: TD Waterhouse improves

I was rather being tongue in cheek. Nothing to do with bravery, more like to make money. Never got a margin call in 15 years of trading. So no worries.

With TAG I was able to buy a little more with margin when it went below $6.00. I have TAG for a few years in and out. I was out when it went above $7.50, sold too quickly. Been buying back when it went to $6.00 and bought more with margin below $6.00.

TAG is very volatile and if you understand this you will be fine

Cheers

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