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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 taman1on Mar 10, 2015 5:16pm
160 Views
Post# 23507145

RE:RE:RE:RE:Rigs

RE:RE:RE:RE:RigsThe red is the gas production that skews the graph appearance  .. gas production was great in 2011 and 2012 and has tapered off as oil component is trending up except for a few quarters in 2011 when stock was over $7 then
Since we are more interested in the oil as gas is by product, the graph is showing oil is going up although slowly which is better then down ..lol
At any rate with Guidi as interim CEO expenses will be capped and his objective of share maximisation is now a key objective as I recalled the previous management do not put money in their mouths except to draw a great salary with nothing much to show except share depreciation ..they are the loud mouthed losers rather than Weeble who is more interested in sharing info and hopefully we all make a buck or two from this level ..GLTA .. Cheers
Bullboard Posts