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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 09, 2025 7:52pm
247 Views
Post# 36397029

RE:Balance Sheet

RE:Balance SheetNo question 2024 wasn't kind to TAG. However, after the management restructuring and acquisition of a prime package of a half million oil producing acres, really like my chances here. Any success with the vertical drill program, and subsequent horizontal well, will translate into a healthy increase in the SP. Abby's got an impressive track record in the industy, and he just threw a million dollars of his hard earned $$$ at this play. So think I'm gonna stick with him. The oil sector will end up doing well in 2025, and with any luck, anticipate at least a three bagger or more this year. 
Have been adding down here while it's still cheap and unloved. :)
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