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. > What's next?

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Post by oilinvestor52 on Jul 23, 2024 5:15pm

What's next?

180M shares out, miniscule production, not enough capital to drill another well and very high G & A. What's next moneysworth?

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Comment by oilisswell on Jul 25, 2024 11:47pm

Only have to drill and complete the horizontal section. With the cash on hand and current production they might just have enough to pull it off. A farm-in is also an option. Of course, a share offer is always an option but at this level it would be quite a dilution. With no debt they may be in a position to finance enough to complete another well and then generate sufficient cash to plow ahead ...more

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Comment by RockLobster1 on Aug 06, 2024 2:27pm

Has shown a bit of life after bering under 30 cents... so hopefully things are going without issues... News should be soon? TNZ has a nice double recently.... TAO next please!

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TAG Oil Ltd.