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 11, 2014 8:58am

264 Views

Post# 22080973

RE:RE:RE:RE:Unreal

Tag is promoting Cardiff-3 as adding up to a multile of 4 for share price once Cardiff-3 is online and producing, however , the three previous wells drilled at the same location or close by have proved uneconomical. Why would Cardiff-3 be any different.
As well, if what Southmart says about the east coast permits is true, sounds like the East coast will be a bust as well.
Sound like Tag may be producing about 800 bbl/day three years from now....

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