TAG Oil Ltd (TAOIF)

[cabel]

Just counting what has been discovered, not counting any Cardiff finds, nor the new drilling program starting in September. This is a ball park estimate of revenues which will start gearing up starting Aug-Sept 2011 upon completion of the new prodution facilities. We might expect alot more oil from Sidewinder 3 as well. These are all very conservative numbers. The Gas and Oil market in New Zealand are very healthy and the potential for new finds in the East coast is not even factored in. The East coast is where the oil is seeping to the top of their properties.

$8.71 share price if 5 times revenues.

Cheal oil 1200 100 $ 43 800 000 $
Cheal gas 1000 7 $ 2 555 000 $
Sidewinder 1 5000 7 $ 12 775 000 $
Sidewinder 2 5000 7 $ 12 775 000 $
Sidewinder 3 5000 7 $ 12 775 000 $
Sidewinder 4 5000 7 $ 12 775 000 $
Sidewinder 1-4 oil 50 100 $ 1 825 000 $
Total Revenue 99 280 000 $
Total Shares 57 000 000
5 X Revenue 8.71 $
10 X Revenue 17.42 $