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.

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TAG Oil Ltd.

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Comment by jstinveston Jan 15, 2013 10:01pm

182 Views

Post# 20842995

RE: RE: RE: news on the usa wire

I definitely think the market got this one wrong - when people see a stock drop on news, they tend to sell and ask questions later. It looks like one big seller is the reason it drop so much - Canaccord sold approximately 800K over the past two days. Could be that they face margin pressure and lots of energy funds are hurting due to investments in Canadian oil companies that are getting lower pricing.

The way I see it now is that TAG Oil just got $100 million cash for free to drill 4 wells.

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