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. > G and A is over-the-top

<< Previous

Bullboard Posts

Next >>

Comment by oilinvestor52on Sep 07, 2023 8:19pm

100 Views

Post# 35625284

RE:RE:RE:RE:G and A is over-the-top

Don't celebrate until you perferate as the saying goes. It's fun to dream though!

I hope TAG's horizontal well works and the play doen't fall over because that's what's holding up the $100M market cap.

It has a shot but the issue I have is this so-called big gun management team (as you have described) have delivered no production in 2.5 years yet burned up millions in salaries, bonuses and G&A. Paid more than executives from well established producers.

Time will tell. Fingers crossed.

<< Previous

Bullboard Posts

Next >>

Two micro-cap stocks with strong fundamentals