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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 Presclubson Mar 04, 2014 7:53pm
362 Views
Post# 22280478

Trend Reversal

Trend ReversalI have been watching this one for over a year.  To me I thought that around $3.00 was the bottom, when it dipped below, I took my position.  At this point I see very little downside risk, and huge upside potential.  Good risk/reward.  I like the small float, and that it continues to get smaller with the buybacks.  It's nice when you time things right, not that it always happens.

If the execution goes well with the drilling, lookout.

Lot's of technical traders on this exchange as well, and the downward trend is clearly broken.  If it holds, I can see a rapid uptrend.  Sellers look exhausted.

Cheers

Presclubs.
Bullboard Posts