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 taman1on Feb 12, 2015 12:11pm

270 Views

Post# 23422427

RE:I pulled the plug

I dunno but with both gone at same time, it appears " spring cleaning" rather " resignations". Am sure any newly hired CEO and COO cannot do worse .. but it appears the old strategy of a stab here and there is not working except to pay salaries .. a new vision hopefully will bring back glory days .. my 2 cents and best of luck to believers as the one who pulled the plug at 1.42 should have unload more as I had a stink bid of 1.35 yesterday ...lol Cheers

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