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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Post by sololeoon Dec 03, 2013 10:33am

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Post# 21963735

Insider Buying Today

FWIW, and for those who are interested, Richardson bought 40,000 more shares today when the share price dipped to $3.40 @ 9:49 a.m. (a block of 7,000 and another block of 33,000 both sold by Anonymous) ...I expect that this is more Normal Course Issuer Bid buying.

Mackie, one of the investment houses who participated in the recent bought deal financing, also picked up a block of 7,000 shares at the same time, also from Anonymous.

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