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 14, 2014 12:30pm

218 Views

Post# 22089478

RE:Look at the % change in shorts.....

Crazy, If Tag reached TD with Cardiff 3 in December and today is Jan 14 and Tag has not announced that Cardiff3 is cased to TD, you can expect very bad news. Tag's news releases are deceptive at best. Why would they have a news release that says nothing other than they intend on casing the well?? This is 10-14 days after TD. Given the problems Tag had with coal on Cardiff3 , they would be foolish not to case it as soon as possible. The only reason they would not case Cardiff3 is because Tag is having trouble with getting casing to TD. Without casing to TD, Tag has another Cardiff2 failure. If anyone can contact Tag and get an answer as to whether or not Cardiff3 has been cased to TD, if the answer is a definite yes, I will stand corrected.

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