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 BroomHildaon Jul 08, 2014 1:38am

222 Views

Post# 22723723

RE:RE:Time to say Adios

Yeah I saw them...But I have most O&G holdings in much larger companies. I know a lot of the little guys can provide good torque if all goes well... however, it was time to clean out some weaker sisters and stay with steady reliable dividend payers and TAO just doesn't fit the bill anymore - Hope it works out well for you. After 50 years of investing I have to feel that the managers are competent and can be relied upon to be dependable, reliable, diligent and forthcoming - something doesn't feel right with TAO - maybe they simply lack experience at this point. PS - Not related to C.I. but thanks for asking !!!

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