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 terroiron Aug 08, 2013 7:15am

177 Views

Post# 21656178

RE:RE:New to this stock

Very well stated synopsis of development opportunity.

To which, one can add, that while not a catalyst, the financail condition of the company, with no debt and $60 million or so in the bank, enables the company to develop these opportunities with controlled risk of failure. In other words a miss will not cripple ongoing development. Even a miss on the East Coast, while very disappointing, would still leave a company worth its share price in cash flow and production opportunity.

So its like you get a free "million dollar" throw, or million dollar "hole in one" which in my case are much less likely than East Coast success.

Terr

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