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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 Value1008on May 31, 2013 11:02am
242 Views
Post# 21466662

RE: Share buyback

RE: Share buyback

And IckyPicky posted this at IV as followup:

Re: Buyback max rate ±40k shares/day

With positive cash flow and zero debt the stability of the
financial resource base will not be altered by a one million share buyack IMO.
That would mean 25 trades of 40,000....or 50 trades of 20,000..
That would take approx two months if the
stock stays in the low "3's".....
Bullboard Posts

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