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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...
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.
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TSXV:TAO - Post Discussion
TAG Oil Ltd.
> Wow what a sh@tty deal
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jake1444
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Post by
jake1444
on Oct 22, 2024 12:16pm
Wow what a sh@tty deal
$10 million might get them another partial well. What a great idea!
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•••
oilinvestor52
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Comment by
oilinvestor52
on Oct 22, 2024 9:15pm
Looks like a desperation funding to me and existing shareholders getting skinned alive. With 250M shares out it is going to be very hard for TAG to create value for both existing and new shareholders. TAG has burned through $40M in their Eygpt endevour and not much to show for it. CDN$10M not going to go very far in a place like Eygpt. Also lets not forget the large salaries being paid to
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