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.

TSXV:TAO - Post by User

TAG Oil Ltd.

Bullboard Posts

Comment by Cuzzieon May 07, 2014 9:06pm

220 Views

Post# 22536419

RE:Questions

Yes, on another drop tomorrow maybe. Nobody has lost a cent unless they sell and if they just did on that news that could be a poor decision. It's all about the East Coast really. Taranaki is useful for keeping revenue coming in and paying the bills, but it is all about the East Coast. There are great opportunities in Taranaki that will be developed one day, however TAG, MES & NZEC have all got a known great opportunity on the East Coast.

If you have sold, you could always turn it into a nice short and buy back in on a further drop, that's what I would do. For the rest of us, it's just another day closer to oil flowing on the East Coast.

Bullboard Posts

The investment impact of the U.S. 25% tariff on Canadian imports