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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
Post by sololeoon Dec 03, 2013 11:09am
216 Views
Post# 21963930

Insider Buying Today...addendum

Insider Buying Today...addendumRichardson has also laid off 17,000 shares today...in 2 trades, both to Morgan Stanley, who've bought somewhere in the neighbourhood of 30,000 shares so far today. As usual, Anonymous is in the thick of things...involved in ~75,000 of the shares traded today so far, on the sell side for almost 70,000 of that amount.

IMHO there seems to be a lot of shares being 'placed' at these prices, as opposed to pure selling which would drive the share price much lower.

So, it will be interesting to see how the trading continues today (and over the next few days leading up to the AGM on December 12th, and the announcement of permits awarded under the 2013 Block Offer, which I expect will be announced prior to Christmas), and what, if any, net insider buying remains when the dust settles.

GLTA...we're almost through this barren stretch now.
Bullboard Posts