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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Comment by Weebleon Apr 30, 2017 4:14pm

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Post# 26184903

RE:Tag Oil's Spring 2017 Investor Presentation

I am not sure if the links will work but here goes.....

Reserve and production growth ahead

TAG Oil’s got an exploration-focused capital program planned and in place for our year of growth ahead. Backed by a budget of C$27.4 million, our expert team has identified a wide range of promising oil and gas targets, and has set a drilling program that includes at least five exploration wells during fiscal 2018.

Exploration includes:

-Drilling two exploration wells at Sidewinder East
-Drilling two exploration wells at Cheal East
-Drilling one exploration well at Puka
-Set drilling opportunities at Sidewinder North and PL17 post seismic
-Commercialize the Supplejack (PEP 57065) gas discover
-Continued appraisal of the Cardiff field

We expect to exit the year with an increase in oil and gas production to ~1,900 boe/d. With a stronger Brent Oil price, that could leave us with more than our planned revenue of ~C$28 million.

TAG Announces Dividend
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OPEC watch is back on

Anticipation is growing as the upcoming OPEC meeting on May 25th draws closer. OPEC members will be meeting to determine whether they will extend production cuts beyond the originally agreed-upon six months. Although... Read more »

An on-site tour with analysts and investors

TAG Oil recently hosted a two-day site visit for analysts and investors at its offices and operations in New Zealand. Fortunately the weather cooperated and the TAG team was able to give its guests a day-long... Read more »

Break-even oil prices

Fitch Ratings, a global leader in financial information services, has offered up their per barrel of oil, break-even statistics on some of the major oil-producing nations in the Middle East, Africa and North Asia. To... Read more »

Bullish or Bearish, TAG Oil continues to thrive

Despite the millions of barrels of oil sitting in storage and the increase in U.S. shale output, many in the industry are still making a bullish case for crude. Bullish factors include:The possibility of... Read more »

Another glowing Festival of Lights

One of New Zealand’s favorite events of the summer scene is the TSB Festivals of Lights held in Pukekura Park. During the Festival, the Park—which is one of New Zealand’s premier botanical gardens—is... Read more »