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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Post by taman1on Mar 11, 2015 2:59pm

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Post# 23510678

Thanks Weeble

Yes we heard ya fellas ..TAG was dead money .. yes it was dropping like a brick ... it screwed up ...it was then ..thats reason we get a new CEO who is vested ..he is most probably as mad as hell like us ... but change has come ... Weeble pointed out that this is the cheapest debt free producing company ..market cap is only about $85 million ..wow thats only a 2 months capital expenditure of a large oil company ... heck that is some pay of a CEO ... Guidi has connections and knowledge ..do not need much to move a $85 million debt free producing company with good prospects and a great CEO .. all IMHO and bought some at $1.35 .. Cheers

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