RE:RE:RE:RE:A local poster; taken from Yahoo...MK,
You make valid points, I was comparing the two companies only in the repsect that they have multiple chances to hit it big.
Tag will have spent all of their PP on Cardiff 3. The upper two zones have been tested before and not produced. As well, the depletion rate rates on Tag's shallow wells are high. It remains to be seen if Tag can produce even 1500 bbl/day over a quarter. I have exited Tag for now with my trading shares, a good NR will change that of course. I would make a dollar bet that Tag will be in the $2's before the $4's.
The last company that tackled Cardiff did indeed go bust and I am not sure that Cardiff is an exploration well. It is a very difficult well operationally and perhaps Tag is not up to the task!
Tag over the last three months has shaken my confidence that they have the operational capabilities they need to complete the larger challenges, such as Cardiff or Heatseeker. They are good at spending money though!
Dissapointed and out for now.