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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
Post by BroomHildaon Feb 13, 2014 10:35pm
233 Views
Post# 22208221

Note

Note1) TAO hires two guys who are recognized as "getting into production" types - wonder why. 2) TAO continued drop off in price in the most part has been lower volume and controlled - not high volume panic sales. 3) Buybacks are nice but not really material in the big picture 4) price retesting its last low before next meeting and results come out 5) recent buys have been by bigger institutions, including Goldman Sachs and Morgan Stanley - they don't buy unless they suspect (know) things. 6) reservoir engineers understand the geology and what the potential is - very positive on this. 7) Small Jrs. like this can rebound last years losses in a day or two or more. depending on news - visa versa if bad news 8) CHECK BACK AT CLOSE OF MARCH 28 - until then ZZZZZZZZZ!!!!!!!!!!
Bullboard Posts