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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
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(5)
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Comment by Value1008on Jan 22, 2013 7:53pm
286 Views
Post# 20874962

RE: headed lower

RE: headed lower

Good luck on getting that sub $3 price. The RSI would have to go down to about 5 for that to happen... It won't. Technically (chart-wise) TAO is WAY OVERSOLD right now and simply testing a double bottom from when it first crashed after the Jan 12 news and then traders played it for a quick 20-25% gain. There's far too much upside for this co. technically for traders and fundamentally for longer term investors for you to get your sub-$3 price.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities
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