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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

Comment by moneysworthon Jan 03, 2024 9:00pm
156 Views
Post# 35809806

RE:RE:Moneysworth Now?

RE:RE:Moneysworth Now?Geez Louise.... think'n we've got a few conspiracy theorists on board. You guys aren't driving pickups with Canadian flags on the sides are ya...lol? :) Seriously, you haven't looked into the track record of who's running this team? They've suceeded on numerous levels before, and have tons of skin in the game. The CEO & CFO have almost 3 miilion shares combined. Reynolds, has 6 million, Abby has 5.4 million, Gupta,1.5 million, Wilson,1.2 million, and more impressive is the 30 million shares, serious bigtime investor Askar Alshinbayev has acquired.  Do you honestly think this is some "scam" and they're just wasting time here? My good friend Donald thinks they're shooting themselves in the foot by raping the company's treasury, so there's no chance of success. It's not cheap running drill programs like this one anywhere, and sh_t does happen. They've been plagued by some unforeseen issues, not the least was mechanical in nature. However, these folks have plenty of pedigree, and very capable of making this work. They aren't here for a few pennies, and certainly not here to ruin their reputaions.
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