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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 oilinvestor52on Mar 31, 2015 11:50pm
222 Views
Post# 23585044

RE:RE:RE:RE:RE:Why Brent and WTI willl rise soon

RE:RE:RE:RE:RE:Why Brent and WTI willl rise soonNot many upstream oil companies in the world make money, let alone fund their capex from profits even at $100 oil. 

Being a high net back producer, TAG is one of the few oil companies that has a de risked development stage asset and can also make serious money at $80 oil, as well as being able to fund an aggressive capex program from operating profits. That means the potential for low future dilution.

TAG is poised to be the peer group leader when the oil markets turn.


Bullboard Posts