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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 Apr 30, 2015 11:05pm
130 Views
Post# 23683516

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Very high operating costs

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Very high operating costsNobody said this is good performance. Maybe why top management left or terminated, take your pick as reasons, and Guidi, who has vested interest, is in charge day to day now and appears we may have seen bottom.
Guidi is acting like a Paul Colborne, taking an active interest to protect share price. 
Astute posters on this board have tried to explain why esp since Apache pulled out the s/p has dropped continously. Recently it took a charge to $1.85 but came down just as quick. 
Overpromised, under delivered, bad luck on drills, not acting on a timely fashion with investors, all these have been discussed here ...  heck i almost throw in the towel but I do think our new Interim CEO, who owns millions of shares like SGY, Paul in his own company, will do stuff to get s/p up ...nobody like to lose .. TAG once was over $10, higher than SGY ever tread .. the assets are still there, not sold and no more sharing with Apache .. a few good drill results will get this up so fast that we don't have to keep regurgitating but be cheering instead ..... Cheers
Bullboard Posts