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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. > Tag now 30 cents
View:
Post by oilisswell on Jul 17, 2024 1:07pm

Tag now 30 cents

Could be dilution coming, something leaked. Volume so far today 4 times the 10 day average at some 850 thousand shares. Make that almost 1 million on Toronto. Haven't seen these levels since 2022. Still a lot of potential but it takes money to unlock it. TAO needs to find a way to deliver without severe dilution.

Comment by RockLobster1 on Jul 18, 2024 2:30pm
Last September they raised 12m at 58 cents... Not sure how much they have left... Or if they want to raise at half that...
TAG Oil Ltd.
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