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TAG Oil Ltd. V.TAO

Alternate Symbol(s):  TAOIF

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

Bullboard Posts
Comment by sololeoon Oct 24, 2014 10:32am
253 Views
Post# 23058116

RE:For what it's worth....

RE:For what it's worth....synectix...Good Catch! I'd have to say that's worth taking note of. To have the largest individual shareholder, and the founder of TAO starting to buy shares at these levels has to be a vote of confidence in TAO's future. It is consistent with the recent buying by 'Big Money'. Given that there are no major catalysts in TAO's near future (as per their most recent presentation), the share price may still have to grind along for awhile before we regain the $2 level...and, like every other O+G company out there, weather the stormy seas of volatile oil prices...but at least there are some positive signs in the tea leaves. Cheers...and GLTA
Bullboard Posts