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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 survivor2015on Mar 26, 2018 1:19pm
125 Views
Post# 27782510

RE:Very Positive Development

RE:Very Positive Development That's very interesting!  I just have alerts setup and I saw the stock jump to 54 cents on Feb 21st on high relative volume of 250K shares.

Today it jumped to 42 cents high on 492K in volume in the first few hours of trading.  Settling back down to the 34-35 cents.  This seems too easy to load up here at these prices? 

Is there something I'm missing?   This almost looks like someone wants to buy up this debt free oil producer which sells on Brent pricing free of carbon tax issues. Possible a private placement where the finance guys prefer to set the pricing low to make the post financing sales easier to the average person?  Who are the finance guys working with TAG?

This is a very slow moving stock most of the time but interest seems to be building and the stock does jump up quite a bit when large money flows in.  These look very good from these price points!

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