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TAG Oil Ltd. V.TAO

Alternate Symbol(s):  TAOIF

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.


TSXV:TAO - Post by User

Bullboard Posts
Comment by verypooron Feb 09, 2014 12:20pm
167 Views
Post# 22188986

RE:RE:RE:RE:RE:RE:RE:REALITY....

RE:RE:RE:RE:RE:RE:RE:REALITY....
Ya, it wasnt 20 for 1 ,but no matter. And you probably got in after the reverse split and of course the price would climb as there was alot less shares. The only reason companies do  a reverse split is to raise money, because they are not making any.  Tag will enevitably run the number of shares up to 200mm again to keep money coming in for exploration and to pay bills, they have already did that for Cardiff 3 when they realized 70mm is not enough money in the exploration game. I think there is going to be alot of very, very surprized people after the next news. Apache did not see any value here, and obviously some of the people that were making previous deals at Apache were very poor at it, that is how Apache ended up in such bad shape, doing deals like the one they did with Tag. At least Apache smartened up and started to get rid of their worst prospects. Tag can imply whatever, market says otherwise. Market is NEVER wrong.
I expect to see Tag back off on their drilling plans, as they are running short of dough. Heatseeker will be pushed way into a vague future, no permits yet and probably not in the near future. Tag is a lot like Obama, great talkers, but not much in the execution end of things. $2.50 here we come.
On another note, why would anyone congradulate anybody on buying shares at $4.40, when they could buy them at $3.15. Talk about idiotic comments.

Tag is toast in two years!

My opinion only, I could be wrong. FYA!






Bullboard Posts