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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Comment by verypooron Mar 22, 2014 9:45am

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Post# 22355368

RE:RE:TAG exposure in Hong Kong

Tag does not have $71mm in working capital, far from it. It is dishonest to suggest that Tag has that much working capital, but not a big deal. What Tag needs is proven reserves, which they don't have enough of. I didn't know Tag is a mining company, oh well, live and learn. Tag sounds a bit desperate at the moment, how Heatseeker coming along? Appeal was struck down March 5, we hear about 2.5 weeks later. They could have mobilized the rig in that time , if Tag is serious about drilling Heatseeker, which Tag isn't , by the way. Why not?? Because Tag cannot afford to.

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