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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 McBeanburgeron Feb 22, 2014 6:34pm
159 Views
Post# 22238971

RE:RE:RE:RE:RE:RE:RE:RE:FWIW

RE:RE:RE:RE:RE:RE:RE:RE:FWIWwith regard to the company's performance. they have made two mistakes in my book and punished harshly for them. 
  1. clearly state decline rates in such a way that no one can dispute it.
  2. doing a brokered deal when one wasn't required (this is due to the decline rates).
not much one can do about decline rates as a company other then get out there a drill your prospects. this is where few (but maybe you crazy/ut will) can  say the company has under performed. this is where the company has performed rather well imo. 

and frankly is all an investor can ask of them. get out and drill and drill drill etc.  they have completely misjudged the small and large investor climate imo. in the old days they would be forgiven and the share price would be much higher regardless. 

but that is not down to the company but the market. 
Bullboard Posts