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 Jan 10, 2014 12:24pm

308 Views

Post# 22078464

RE:RE:RE:I dont get it?????

Our thinking was that the price dropped after the last earnings call because of a fear of a drop in BOE per day. They announced that the two new producing Cheal wells will generate $3 million over the next two months. That's $18 million annualized for a company that has $60 million of annual revenue, yet the stock price goes down. Cardiff is a work-in-progress success, yet the stock price goes down. Frankly, I don't know what's driving this stock in the short term. But, these guys have a habit of finding what they goes after and that's what will drive the price up in the not too distant future. Good luck to us all, Paul

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