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 jstinveston Jan 15, 2013 9:23pm

213 Views

Post# 20842903

RE: news on the usa wire

that confirms what the Casimir analyst said -- Apache will fund 4 wells with TAG Oil being the 100% beneficiary. I have never seen anything like this, a company spending $100 million without no share of the pie. May be they might come back in if Phase 1 is encouraging but I guess a big company wants to honour their contract - may be they would have got sued if they didn't fund Phase 1 (contract is a contract). If not for the big Canaccord seller, this stock would have never fall below $5 but some funds are facing margin calls I guess.

Bullboard Posts

Government dispute forces Barrick Gold to suspend operations in Mali