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.

TSXV:TAO - Post by User

TAG Oil Ltd.

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Comment by junior-oilon Nov 17, 2018 12:02am

105 Views

Post# 28988737

RE:RE:RE:RE:Let's Get our Cash Back!

Don't focus on the plant and equipment on the balance sheet. It reflects historical cost and is irrelevant. Management has limited ability to change this. Voting no is a reasonable thing to do, just know that if we have no deal the share price will go even lower. What is preferable is to sell the whole company to Tamarind for $0.65 per share. Given our hand here, I really believe that's the best we can hope for. The good news is that we know (Toby admitted as much) that Tamarind would be willing to buy the company and we can all walk away with much more cash than the current share price reflects.

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