TAG Oil Ltd. V.TAO

Alternate Symbol(s): TAOIF

Energy Oil & Gas E&P

TAG Oil Ltd. is a Canadian-based international oil and gas exploration company. The Company is focused on oil and gas exploration and development opportunities in the Middle East and North Africa (MENA). In the Western Desert of Egypt, it is developing the unconventional heavy oil Abu Roash F (ARF) formation in the Badr oil field (BED-1). It holds an interest in the Badr Oil Field (BED-1), a 26,000 acres concession located in the Western Desert, Egypt, through a Production Services Agreement (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 TAG’s phase 1 development program of ARF reservoir in BED-1. The BED 1-7 well started oil production from the ARF reservoir. Its subsidiaries include TAG Energy International Ltd., TAG Petroleum Egypt Ltd. (Cyprus), TAG Petroleum Egypt Ltd. (Egypt Branch), TAG Oil (NZ) Limited, Trans-Orient Petroleum Ltd and others.

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TAG Oil Ltd. > Market is waaay over reacting

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Comment by Surfiton May 21, 2024 9:15am

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Post# 36049656

RE:RE:RE:RE:RE:Market is waaay over reacting

I have no knowledge on fracking but they seem to have got very close to their targets, so why has the market reacted badly, or is it just profit taking.

With regards to financing, I would have thought that the option moving forward to bring in a farm in partner or finance group? At this point further fund raising via share placment would not raise the required funding for the full field development???

I notice that X have shown that the company have released a verbal update to the market

https://tagoil.com/wp-content/uploads/2024/05/tagoil20240517.mp3

I have not listened to it yet.

Rgds Sft

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