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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 verypooron Apr 26, 2014 8:54am
301 Views
Post# 22493836

Tag and honesty

Tag and honesty
These two words do not go together very well. Tag always hints a great things to come, which never do. At the same time Tag makes up silly excuses, like a "Blackout period" which means nothing. Why would Tag report their attendance at a useless mining conference in Hong Kong, rather than report the sale of gas from Cardiff 3 test period? Because there isn't any , that was a $30mm hit, by the way. Has Tag announced a rig move onto Heatseeker? This is the play that is supposed to excite Tag so much, Tag has the permits and the rig, but no action, why?? The shareholders of this company are being played for fools. All the poor results will eventually come out, and some of you will be left with your mouths open in shock. Tag's preferred method of making money is to raise it through the market, rather than from the ground. Somebody get the fork ready.
Bullboard Posts