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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.


TSXV:TAO - Post by User

TAG Oil Ltd. > Market is waaay over reacting
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Comment by moneysworthon May 22, 2024 1:17pm
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Post# 36052278

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

RE:RE:RE:RE:RE:RE:RE:RE:Market is waaay over reactingDon't think the insiders with huge positions are gonna want too much more dilution, especially Abby with 5 1/2 mil shares, Wilson with 6 mil and Askar with just under 30 million shares.... to name but a few!

They will have access to the capital they'll need, while keeping dilution to a minimum as the play will become self funding relatively quickly. 

Sellers may soon have second thoughts when they see an established rate close to 1,000+ bopd in a few weeks time. The current market cap is miniscule compared to the potential of the Badr-1 concession, with the recent RPS estimate of over 1/2 billion barrels of oil in place within the ARF horizon. And that's a very conservative, tip of the ice estimate, according to management. They're also on the hunt for additional acreage, so that could soon be another big catalyst.

Recent test results have greatly de-risked this play. And the way the characterestics of the rock are stacking up against Eagle Ford, the potential could be downright huge!!!

Stay tuned & GLTA... :)


 
 
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