TAG Oil Ltd (TAOIF)

[DANA1]

Something is leaking out - which would likely be why the stock showed some increased trading interest and a little upward movement in price today.

According to my friend IR suggested that drilling had concluded on Cheal C2 and that the service rig would be brought in after an additional 3 wells were drilled in the Cheal field, so they will begin testing them one after another as they did with Sidewinder 2, 3 & 4.

If TAG goes according to their recent announcement they should be setting up to drill Cheal A8 or A9 right now so this will probably be done within the next couple of weeks. It is possible they are drilling now or close to starting. It would be nice to have eyes on the ground but NZ is a long ways away.

IR also indicated to my friend that plans were to complete the 10 well drilling program November 30, 2011. Not sure if that is possible but if it is we are in for a lot of news over the next 60 days or so.

I can't see any way the stock can stay down if their drilling program proves successful. Each successful new well has to bring anywhere from 50 cents to a $1 per well in share value.

Drill baby drill :)

Also, we must be getting real close to an announcement on production from the Sidewinder facility. The pictures (dated Oct 3/11) and comments on their BLOG indicate final stages of testing and Sidewinder 1 hookup. 2, 3 & 4 cannot be too far behind. Not sure how long it takes them to fully test their plant, but we must be getting close.

Go TAG Go !!!!