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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. > 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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