JRI 29: Tag Oil Drilling Update. “What we have right now is a company maker.”

Time Stamps below.

Please like and subscribe!

CEO Toby Pierce of Tag Oil (Tao.V) provides an operational update on Tag's Abu Roash - F exploration. With their first ever well - a vertical reentry - now just a few short weeks away from releasing its IP30 numbers, signs are increasingly pointing to the fact that Tag's exploration thesis has been resoundingly confirmed by what they've found subsurface. Toby discusses preliminary drill results, as well Tag's plans for continued acquisitive growth in the coming months and years.

Time Stamps:

1:00: Why no IP24

2:30: What did this well do to your knowledge and confidence

4:00: Any surprises from the results

5:30: Current production rates

7:00: Barrels sold thus far

8:00: Quality of Recovered oil

8:45: What’s next?

10:00: Ordering and Maintenance Prior to Spud

13:00: Is June spud still a go? Potential for delays

15:00: How Long to drill the first horizontal well

16:30: How many stages will they frac?

18:30: Benchmark IP30 number for first horizontal well

19:30: M&A – where is Tag’s focus?

22:00: Unconventional vs conventional targets

23:30: Are they becoming known in Egypt

25:15: How far along is the M&A process

27:00: Growth through acquisitions philosophy

29:15: How to finance growth

31:45: Omega’s recent discovery on former Tag land package

33:45: Recent options exercising

Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.