Replies to post #1009 on TAG Oil Ltd (TAOIF)

[DANA1]

Some very much needed and welcome news for this stock.

1700 BOPD of OIL is probably about 1,300 more than the market was expecting based on past Cheal drill results. This bodes very well for B6 & B7 which are the next drill targets. Also assuming that they can get drilling without any appeal on the most recent decision.

Hopefully Cheal A8, Cheal C1 & C2 flow rates are solid as well. Any kind of good news regarding flow rates will put TAG well over 3000 BOPD of just oil production. This does not take into account any gains from the 4 wells currently being worked over in the A field.

Starting to feel a little better about this stock but sure wish the price would get back to where it belongs.

Cheers.

[futrcash]

Great to see ALL this additional Oil!

Do people here realize how many mid-tier wannabee O&G companiies would line up and barter their crown jewels for just one well with this kind of production?

TAG perforated and flow tested 20 meters of continuous oil-and-gas pay in the Cheal-B5 well within the 35 meters of net pay intercepted within the primary Mt. Messenger Formation (~1800m) target. This is the most extensive pay interval ever recorded by a Cheal well, and includes record porosities of up to 30% (averaging over 25%) and a record 60% total gas kick encountered while drilling.

futr