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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 Hawk8011on Jun 21, 2015 9:57pm
95 Views
Post# 23853835

RE:RE:Tag Oil facts

RE:RE:Tag Oil factsIt's actually quite simple, just take your Righthand (what a name btw - right hand is your best friend much?), and click on the latest quarterly release by Tag Oil:  

https://www.tagoil.com/news/tag-oil-records-increasing-oil-production-and-q3-results/

"Operating netback increased by 4% for the first nine months of fiscal year 2015 to $59 per BOE from $56.62 per BOE over the same period last year."

Oh wait, you assumed Tag gets the same price as the heavy-oil producers in Canada.  Too bad so sad.  Tag gets a premium to Brent for its oil - about $10 to $20 higher than crude depending on the price environment.  Tag also gets double the price of what Canadian producers get for gas.  Big mistake.

When you're done doing your research, would you mind running some comparables on Groundstar Resources vs Suncor?  They're perfect comparables.  Thanks!


 

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