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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 sololeoon Feb 25, 2013 2:04pm
252 Views
Post# 21039221

RE: RE: Thoughts Borne of Frustration

RE: RE: Thoughts Borne of Frustration

Cheers Manyara!

I've gotten out of the habit of consulting TAO's IR for information because of frustrations in the past. If they are quick and forthcoming in responding to inquiries, maybe that is a sign of better corporate responsibility and of better things ahead.

I thought it quite odd myself that the shares bought back would be sold into the market rather than cancelled (which is the purpose of the normal course issuer bid). Though the sale transactions, as listed on CanadianInsider.com, did not have prices attached, the information I accessed through INK Research did actually quote sale prices for the wrongly coded transactions ($4.49 and $4.67) and there were no 'Amended Filing' corrections.

But, who among us has not made mistakes? Still, as you write, an unfortunate error in the current situation.

Bullboard Posts