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 oilinvestor52on Nov 29, 2014 6:16pm

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Post# 23177634

RE:RE:I just

Well said mrpanik,

I will add that TAG has not only done very well operationally becoming NZ's leading oil company, the management team is also very corporately strategic and saavy. As I said in my last post look at how cheap the acquired their producing Taranaki Basin assets the last time oil prices nose dived in 2008/2009. Then used that leverage to merge with Trans-Orient Petroleum who then held all the East Coast Assets.

So don't get too caught up on the fluctuating production number. The Cheal field will be producing for many years to come. Look at the foundation that is in place and the tremendus leverage TAG has over the "sea" of devasted oil companies.

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