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.

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TAG Oil Ltd.

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Comment by Focusakkeron Oct 23, 2013 4:15pm

142 Views

Post# 21842532

RE:RE:Is anyone happy about this announcement?

I am at a loss as to how you could be happy. If there's good news to serve up, serve it up. Let the stock price appreciate. Then, if you need additional funds, you are issuing less shares. That's called having your shareholders best interest at heart. Where did the $60 million dollars go? This would lend credence to the notion that the flow has declined more rapidly on the existing wells than they thought. Either way, this is mismanagement. Paul

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