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 Vanboarderon May 14, 2013 4:24pm

163 Views

Post# 21391395

RE: RE: big block for sale

Just over 200K of shares moved today so really a very low volume. Unfortunately, with a low share count fluctuations up/down are magnified and the SP easily manipulated.

Personally, I think any big sell blocks are just trying to push the SP down to scare retail( which according to a few posts I see it appears to be working) and accumulate before the next 2 big news releases come being the current production numbers at the upgraded facilities and the commercial viability of the East coast well(s) currently drilling.

Exciting times and I'm not selling a single solitary share!!!

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario