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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Post by Focusakkeron Feb 14, 2014 7:16pm

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Post# 22212842

News Release

I'm disappointed by the BOD but not the surprised. I am not a petro guy but the East Coast information sounded encouraging. Perhaps one of the tech's on the board can comment further. The 9 months earnings per share is $.15 with increased production in this quarter, inproving earnings. This company is all about the deep wells now. East Coast, Cardiff and Heatseeker. Personally, I'm satisfied with the release and am looking forward to the next three months. Keep your fingers crossed on Cardiff. If that is successful, the stock price in the next quarter will reward our patience. Good luck, Paul

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