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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.
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(6)
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Comment by oilinvestor52on May 08, 2014 10:02pm
265 Views
Post# 22541848

RE:RE:Magic Recipe

RE:RE:Magic RecipeNot sure why u precieve the news as being so bad, I see many positives in the press release. And crazy what difference does it make to a junior company if production is 1800, 2000, 1700 bopd? I'm not so attached to the production fluctuations because I am holding TAG for the resource potential from the higher impact prospects like Keheru-1, Waitangi Valley-1, Cardiff-3 etc etc. The production is currently only from the shallow formations and although it provides a very nice cash flow its not where major shareholder value is going to be created.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities