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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
Post by junior-oilon Nov 16, 2018 12:55pm
125 Views
Post# 28985612

Let's Get our Cash Back!

Let's Get our Cash Back!Hi all, New poster here. Not sure how many of you listened to the call yesterday, but if you didnt I would encourage you to listen to the replay. Seems to me, we should be telling the company to return all the cash to shareholders and wind this company up. The cash at closing of the sale will be $0.52 per share. Toby also mentioned they could had offers for the royalty. If we assume conservatively it's worth $5 million, that's another $0.06 per share. Maybe we can get Tamarind to give us another $1-2 million for the event specific payments upfront instead of the full $5 million that they may end up having to pay. So call that another $0.02 per share. Seems quite easy to get to $0.60 per share which is a helluva lot better tha be $0.35 per share we are trading at now. Australia assets as we all know are worth nothing. This seems to me a much better alternative then letting management have free rein to do whatever they want with OUR money. If you agree let's let the company know. We can change the course of this outcome and get our money back. If anyone has any better ideas please share.
Bullboard Posts