Bullboard - Stock Discussion Forum 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... see more

TSXV:TAO - Post Discussion

TAG Oil Ltd. > From May 28 nr

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Post by RockLobster1 on Jul 02, 2024 4:05pm

From May 28 nr

The Company anticipates announcing a 10-day initial production average in the second half of June, which will indicate actual productivity potential for the T100 well

Anyways I added more today at 40.... Hopefully good news coming... Always a worry when it's a bit late and people are still selling but rewards seem worth the risks.

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Comment by Overertune on Jul 02, 2024 6:07pm

Isn't 10 day production rate only takes 10 days? It has been over 30 days and no explanation. it seems the company hired someone who is the first time doing anything and always something goes wrong.

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Comment by oilinvestor52 on Jul 02, 2024 9:20pm

moneysworth, being a large shareholder probably has something amazing to say about delay on testing. In my way of thinking and the weak share price could mean they are havng issues technically or otherwise. We will see. The prize is big so hope it works. Donald

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Comment by oilisswell on Jul 03, 2024 12:41pm

Could be that a workover rig was not immediately available, or other necessary equipment. They are attempting to put the well on "permanent" production, avoiding potentially re-entering later on. Of course, it is also possible that other issues have arisen, causing the workover to take longer than expected. Generally speaking in the oilfield, no news is good news! GLTA

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