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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

Post by CountryBoy69on Jun 20, 2023 2:44pm
215 Views
Post# 35505786

Leverage and Next

Leverage and NextI appreciate the quick replies and your enthusiasm over Tag. A few things , l am in my 70 s and still adding not withdrawing any money from my investments.All withdrawals from RRIFs is redeployed immediately in our TFSAs. All money is in registered accounts so in the scheme of things compared to others who post , just a small timer.l have been doing some follow-up DD on Tag and l see pros and cons. First l am not big on MENA as they have too often proved themselves unreliable areas prone to changing the rules when it suits them. Second , l only invest individend paying entities and despite Tag being around for some time , it doesn't pay one , even when oil was at its high. All my divs to the tune of about $2000 a month are reinvested in new shares , each and every month. Now since Tag is stuck with the MENA jurisdictions its main focus , then it would take a div a minimum of 6% to convince me to invest. I have been around the block a few times and personally l don't put much faith in future predictions that many times do not materialize. The fact that MGMT does have skin in the game is encouraging somewhat. I will continue to follow Tag , add it to my watch list as a possible but without that div it's not viable to me right now.I don't have unlimited years left to depend on a hope and a prayer. Thanks again.
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