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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Comment by mrpanickon Feb 24, 2015 10:47pm

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Post# 23461633

RE:What Are The Chances...

A leveraged buyout is definitely possible. Management could take it private at a 50% - 100% premium to the current price. Finance it using cash on hand and a bank loan. Stay focused on high return shallow drilling for a couple of years. Use the cash flow from Cheal to payoff the loan in 2- 3 years while still funding some high return projects. The numbers say it's definitely possible for management to buyout shareholders and own the company outright using it's own cash flow. In fact, TAO is an ideal candidate for an LBO.

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