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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Post by Focusakkeron Aug 23, 2014 12:20pm

610 Views

Post# 22871860

Low Stock Price

It's been a while since I posted here. I've sold some of my stock but have kept some. This is a company that is selling at 50% of equity and has a PE of 9. This company has morphed into a potential value play. My honest opinion of what's holding the stock price back in the short term is Cardiff. I think the market anticipates a write down of the investment in Cardiff. The company is trying to mitigate this by developing the top two areas of the well. But I don't think the ultimate value of the reserves from there will be enough to offset the amount of the total investment. Once the write-down is announced, that may be the time to buy some more. Just my opinion. Thanks, Paul

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