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TAG Oil Ltd. V.TAO

Alternate Symbol(s):  TAOIF

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

Bullboard Posts
Comment by jstinveston Jan 14, 2013 1:32pm
240 Views
Post# 20835532

RE: RE: RE: RE: A couple of more things......

RE: RE: RE: RE: A couple of more things......

lets be clear on the margin issue -- those who actually used margin to buy this stock would have clearly know what their margin parameters are and would have most likely already sold if they would face problems meeting margin requirements before the deadline (they will not actually wait for the brokers to tell them and force sell at market given the thin liquidity in the stock). That's why most if not all the potential holders with margin issues around the $5 mark have already sold (2.73 million shares already traded is a significant point). A significant amount of shares held by weak hands should also be out, so with TAO potentially buying back shares for cancellation every day for the next couple days or weeks (depending on if the share price stays low), could really put strong support for the share price going forward.

 

 

Bullboard Posts