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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
Post by mrpanickon Mar 29, 2015 10:58pm
238 Views
Post# 23575458

Production costs lower than the Arabs

Production costs lower than the ArabsI'm sutprised we didn't get any comments on the 3/23 blog entry where Tag says that their production costs are under $25 / barrel which is lower than the Arabs.  This is not a company that's going to lose any price wars.  I think that investors sometimes have a tendency to combines costs for the East Coast exploratory drilling with Cheal and think that Tag has high costs.  TAO and EW are actually the 2 lowest cost producers of any of the oil companies I follow - and no one else even comes close.

 
https://www.tagoil.com/production-cost-winner-tag-oil-ranks-in-the-top-tier/
Bullboard Posts