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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Post by kanerfalkon Aug 06, 2014 1:26am

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Post# 22812392

TAG oil and Waitangi

I've owned TAG or from the beginning it was TransOrient Petroleum for 8 or 9 years, just for the opportunity on the east coast. After years of waiting we have finally started drilling close to the oil seeps that once caught my attention. I have doubled my holdings in TAG the latest week and now own an unhealthy bunch of shares, but I don't really see any downside from where we are today. A dry hole at Waitang Valley 1 would probably take us down a bit , but production and cash flow will take us back to where we are today. I don't recommend anyone else to do what I'm doing but what ever you do I wish good luck to you all!

cheers

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