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 verypooron Jan 06, 2014 12:23pm

267 Views

Post# 22061974

RE:RE:A local poster; taken from Yahoo...

Perfidious is an excellent word to describe Tag's management and also their PR guy. I believe that Cardiff-3 will end the same way as Cardiff 1 and 2. Management already knows the result of the sidetrack, and if the news was good, we would know by now. Bad news always travels slow!

I lost a bundle in a company called Gulf Shore Resources a few years ago. They had multiple wells in the North Sea, all of which were supposed to be company makers. All the wells were duds and the shares are currently worth $0.01. So far, Tag is striking similar to Gulf Shore...

This my opinion, doesn't mean I am correct!

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