Messaging International Share Discussion Threads

[mcbeanburger] 08/6/2013 08:58

hxxp://www.stockhouse.com/companies/stories/v.mes/8886352

anyone following mes will know this already but for the record here the resource estimate undertaken by Deloitte.

2.41 billion barrels Undiscovered Petroleum Initially In Place net to Endeavour

so its an elephant... bring on the drill.

Marauder Announces Completion of Resource Assessment-East Coast Basin New Zealand
Marauder Announces Completion of Resource Assessment-East Coast Basin New Zealand
CALGARY, ALBERTA--(Marketwired - June 5, 2013) - Marauder Resources East Coast Inc. ("Marauder" or the "Company") (TSX VENTURE:MES) is pleased to announce that AJM Deloitte has completed a Resource Assessment on the shale oil potential of Petroleum Exploration Permit 53806 ("Permit"), located in the East Coast Basin of New Zealand. Marauder's 100% owned subsidiary, Endeavour Energy (NZ) Limited, has a 50% working interest in the permit. The report, dated Dec 31, 2012, was completed in accordance with NI 51-101 Standards of Disclosure for Oil and Gas Activities.

Numerous oil and gas seeps are present throughout the East Coast Basin on and offsetting the Permit. Biomarker and isotope studies indicate that the main oil-prone source rocks are deep marine shales known as the Waipawa and Whangai formations. Oil taken from surface seeps in the basin is sweet, light, 50 degree API crude and has been geochemically typed to these marine shales. The report assigns prospective resources and gives a best estimate (P50) for Undiscovered Petroleum Initially In Place of 4.83 billion barrels on the Permit, calculated on 30% of the Permit acreage (2.41 billion barrels Undiscovered Petroleum Initially In Place net to Endeavour). A copy of the entire report is available on Marauder's website: www.marauder.ca.

The Whangai Formation is the primary unconventional target over the Permit. It is naturally fractured, widespread throughout the Basin reaching thicknesses of up to 600m, and is over-pressured at depth, suggesting a competent seal above the formation.

Recently, TAG Oil, operator of lands offsetting the Permit, drilled its first well to evaluate the unconventional Waipawa and Whangai shales. TAG announced that results from the Ngapaeruru-1 well indicate the presence of gas zones, or soluble gas in oil, through a 155 m gross hydrocarbon column. Preliminary gas ratio analysis interprets a predominantly wet gas / oil signature. TAG recovered 14 separate side wall cores from the interval and is now conducting petrophysical evaluations to determine the most suitable completion and production testing method for the well.

New Zealand remains highly underexplored with respect to hydrocarbon resources. The world class exploration potential is complimented with a stable geopolitical setting and excellent fiscal regime. Marauder believes New Zealand is an attractive country to invest in and is currently evaluating other oil and gas opportunities in the region.

Important Note:

Undiscovered Petroleum Initially In Place is that quantity of petroleum that is estimated to be contained in accumulations yet to be discovered. There is no certainty that any portion of the undiscovered petroleum will be discovered or that it will be economically to produce if discovered.

This press release may contain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, anticipations, expectations, opinions, forecasts, projections, guidance or other similar statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses and health, safety and environmental risks), commodity price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

Contact Information:
Marauder Resources East Coast Inc.
Robert V. Shields
[phone]
[e-mail]

© 2013 Marketwire L.P. All rights reserved.
Marketwired (Canada)
June 5, 2013 - 9:00 AM EDT

[mcbeanburger] 25/5/2013 22:04

http://www.energyandcapital.com/articles/new-zealands-sleeping-oil-empire/3315

articles like this are being pumped from what seems like every location....

its possible that NZ could become the next E Africa in terms of investor popularity.

[hashertu] 17/5/2013 18:01

Smithie.
If you look at the last accounts you will see that options and warrants are held by:

Mizrahi bank: 19 million
Pacific: 10 million
Guy Levit 8 million
Other employees 12 million

Exercise price 0.5 to 0.67p (most) to 5p.

I doubt that it is a trick. I think Mr Simmonds wants out.

[smithie6] 17/5/2013 14:02

"52 million warrants and options to subscribe for ordinary shares. "

after share buy backs...will the control of the company move even more to the hands of the owners of the 52 million warrants ?

Hence....is it a trick wrt control ?

(and is the warrant holder involved in getting his shares cancelled at 1p/share....knowing he can exercise 52M warrants at a lower price ??

and then again issue himself more warrants or options ?...and so on ?

Pacific were involved in large share transactions with MES.....they were found guilty of fraud etc in legal processes I understand...

[tomboyb] 17/5/2013 07:19

Morning - excellent news today and an incredibly long wait - 1p minimum but limited to 40mill shares overall -

[tomboyb] 17/5/2013 07:16

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Messaging Intl Plc (MES)
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Friday 17 May, 2013
Messaging Intl Plc
Tender Offer
RNS Number : 9518E
Messaging International Plc
17 May 2013


Messaging International Plc
('Messaging International' or 'the Company')

Tender Offer

Messaging International, the AIM traded provider of innovative messaging services, is pleased to announce that it has today posted to its shareholders a Circular and Tender Offer Application Form (the "Circular") setting out the Board's proposals for the Tender Offer.

The Board has recently decided that it would be appropriate to offer all Shareholders the opportunity to realise some of their investment in the Company by means of a tender offer pursuant to which the Company will purchase up to approximately 25.7 percent of the issued share capital of the Company at a Tender Price of 1 penny per Share (the "Tender Offer"). Any Shares purchased by the Company under the Tender Offer will then be cancelled. The Tender Offer is conditional upon the Resolution being passed at the General Meeting.

Defined terms in this announcement are as those set out in the Circular.

Key points to the Tender Offer

The key points to the Tender Offer are as follows:

• The Tender Offer is for up to approximately 25.7 per cent of the Company's issued share capital. Under the Tender Offer, each Shareholder is entitled to have up to approximately 25.7 percent of his or her shareholding (such Shareholder's Basic Entitlement) purchased by the Company at the Tender Price (1 penny per Share). Tenders will be rounded down to the nearest whole number of Shares.

• Shareholders will be able to decide whether to tender none, some or all of their Shares within the overall limits of the Tender Offer.

• Tenders in excess of a Shareholder's Basic Entitlement will only be accepted to the extent that other Shareholders tender less than their Basic Entitlement or do not tender any Shares and will, if necessary, be scaled back on a pro rata basis.

• The Tender Offer is being made at a premium to the closing market price on 16 May 2013 of 73.9 percent.

• The Tender Offer will be funded from the Company's cash resources, using part of the special reserve created by the court-approved reduction of capital carried out by the Company in December 2011.

The Shares purchased by the Company under the Tender Offer will subsequently be cancelled. The Tender Offer is conditional upon the passing of the Resolution being proposed at the General Meeting. Following completion of the Tender Offer and cancellation of the Shares purchased by the Company thereunder, the Company's issued share capital will be reduced by 40,000,000 Shares to 115,872,147 Shares, assuming the Tender Offer is taken up in full. The Tender Offer is open to Shareholders on the register of the Company at the close of business on 31 May 2013.

There is no guarantee that the Tender Offer will take place. The Tender Offer is conditional on, the passing of the Resolution being proposed at the General Meeting and will not proceed if any of the conditions specified in paragraph 2 of Part II of the Circular are not satisfied or if it is withdrawn by the Company at any point prior to the announcement of the results of the Tender Offer. The non-fulfilment of the specified conditions would mean that the Tender Offer could not be implemented and that the Company would have to bear the abortive costs of making the Tender Offer.

Options for Shareholders

Under the Tender Offer, Shareholders can choose:

• to do nothing and to retain in full their investment in the Company; or

• to tender some or all of their Shares for purchase and to receive cash in consideration of such purchase (subject to scaling back of tenders in excess of the Basic Entitlement).

Shareholders, other than certain Shareholders in Restricted Jurisdictions, will be entitled to have up to approximately 25.7 percent of their respective holdings purchased under the Tender Offer. Such Shareholders will be able to tender additional Shares, but such tenders will only be satisfied, on a pro rata basis, to the extent that other Shareholders tender less than their Basic Entitlement or do not submit a tender.

General Meeting

The Tender Offer is subject to Shareholder approval of the Resolution being proposed at the General Meeting that has been convened for 10.00 a.m. on 3 June 2013, at the offices of AH Montpelier, 58-60 Berners Street, London W1T 3JS.

Action to be taken by Shareholders

Shareholders should follow the instructions contained in the Circular and personalised Tender Offer Application Form which will contain information on the relevant steps they need to take. If Shareholders have any questions on the Tender Offer, please call the helpline on 01252 821390.

Intentions of the Directors

The following Director has informed the Company that he and his connected persons intend to tender the following number of Shares in the Tender Offer:

Geoffrey Simmonds

24,750,000





Acceptance by the Company of an application under the Tender Offer in excess of approximately 25.7 percent of the applicant's holding is subject to there being capacity to purchase those Shares in accordance with the terms of the Tender Offer.

Recommendation

The Board considers that the Tender Offer is in the best interests of Shareholders as a whole. Accordingly, the Board recommends that Shareholders vote in favour of the Resolution to be proposed at the General Meeting, as those Directors who directly hold beneficial interests in Shares intend to do in respect of their own beneficial holdings of Shares which, in aggregate, amount to 99,034,396 Shares representing approximately 63.5percent of the issued share capital of the Company.

Tender Offer Timetable

Tender Offer opens

20 May 2013

Publication of report and accounts for the year to 31 December 2012

24 May 2013

Record Date for participation in Tender Offer

Close of business 31 May 2013

Latest time and date for receipt of Tender Offer

12.00 noon on 31 May 2013

Latest time and date for receipt of Forms of Proxy from Shareholders in respect of the General Meeting

10.00 a.m. on 1 June 2013

General Meeting

10.00 a.m. on 3 June 2013

Results of General Meeting and Tender Offer announced

3 June 2013

Settlement date for the Tender Offer: cheques despatched and assured payments made through CREST

On or before 10 June 2013


Each of the times and dates in the expected timetable may be extended or brought forward without further notice. If any of the above times and/or dates change, the revised time(s) and/or date(s) will be notified to Shareholders by an announcement through a Regulatory Information Service provider.

All references to times are to London times.

[mcbeanburger] 15/5/2013 22:07

nice buying interest recently... if the buying can hold above 12cent - that will be the first week it has done so since August last year... (zzzzzzzzzzz I know).

TAG news release from yesterday... 155m of gross pay... so theres something to frack going on there. har har.

TAG Oil's Ngapaeruru-1 Well
Intersects Oil and Gas Shows in Source Rock

Vancouver, B.C. – May 14, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports that TAG's 100%-controlled Ngapaeruru-1 exploration well has reached a total depth of 1417 meters after successfully drilling through the Waipawa and Whangai source rock formations, the main objective of the well.


Excellent mud gas shows - which indicate the presence of gas zones or soluble gas in oil - were recorded between the intervals of 1140 – 1295m (155m gross hydrocarbon column). Preliminary gas ratio analysis interprets a predominantly wet gas / oil signature. All data has now been forwarded to independent laboratories for expert analysis.

In addition, TAG Oil cut and recovered sidewall cores over 14 separate intervals within the 155 meters of potential unconventional oil and gas pay, sampled total organic content (TOC) and acquired in-situ gas analysis at depth. Detailed petrophysical evaluation is now underway with a full suite of unconventional logs to ascertain source rock quality, fracture identification, geochemistry, and rock moduli data. This data is critical to determining the most suitable completion method and production testing of the Ngapaeruru-1 well, as well as to better understanding the long term feasibility of TAG's East Coast Basin opportunity.

"Our team did an excellent job drilling this first ever unconventional target in the East Coast Basin," commented Drew Cadenhead, TAG's Chief Operating Officer. "Diligence and communication made certain that the occasionally tricky drilling conditions in this Basin were handled as planned: safely, efficiently, and with no environmental incidents. The fact that early mud-log analysis has returned wet gas and oil indications is both encouraging and very exciting. We're looking forward to more detailed results once analysis of the data acquired from the Ngapaeruru-1 well is complete."

Ngapaeruru-1 is located in TAG's 100%-controlled Petroleum Exploration Permit 38349 in the East Coast Basin of New Zealand. The Ngapaeruru-1 well represents New Zealand's first test directly targeting the naturally fractured Waipawa and Whangai formation source rocks which is believed to contain a significant oil and gas resource.

For further information on the Ngapaeruru-1 exploration well and TAG Oil's unconventional prospects please visit:

TAG Oil Ltd.
TAG Oil Ltd. ( is a Canadian-based production and exploration company with operations focused exclusively in New Zealand. With 100% ownership over all its core assets, including extensive oil and gas production infrastructure, TAG is enjoying substantial oil and gas production and reserve growth through development of several light oil and gas discoveries. TAG is also actively drilling high-impact exploration prospects identified across more than 2,984,171 net acres of land in New Zealand.

In the East Coast Basin, TAG will explore and potentially develop the major unconventional resource potential believed to exist in the tight oil source-rock formations that are widespread over the Company's acreage. These oil-rich and naturally fractured formations have many similarities to North America's Bakken source-rock formation in the successful Williston Basin.

[mcbeanburger] 10/5/2013 02:18

No worries about the East Coast in light of the exit of Apache..they're simply having a rough year - see quote & link below.

Apache Corp. (APA), this year's third-worst performing oil and natural gas producer on Standard & Poor's energy index, plans to sell $4 billion in assets by yearend and buy back shares as first-quarter profit missed analysts' estimates.

Apache, based in Houston, will use initial proceeds of $2 billion to pay down debt, according to a statement today. The balance will be used to buy back as many as 30 million shares.

Apache didn't identify the assets it intends to sell and said deals may include divestitures or joint-venture agreements. Chairman and Chief Executive Officer Steve Farris said in a March 18 interview that all assets were up for review as it pursued at least $2 billion in asset sales after a two-year, $16 billion acquisition spree.




Read more at

[mcbeanburger] 08/5/2013 13:36

welcome a board TKT (I think).

TAG latest PR from yesterday. Gas kicks are very indicative of oil below (so i'm told). Gas is released from the oil when drilled, as it release the pressure which keeps the gas trapped.

C-3 C-5 is wet gas....

TAG Oil Reports Ngapaeruru-1 Exploration Well Progress in New Zealand's East Coast Basin



VANCOUVER, May 7, 2013 /PRNewswire/ - TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report that drilling of TAG's 100%-controlled Ngapaeruru-1 exploration well is drilling ahead, and has encountered elevated mud gas readings at a depth of 800 to 977 meters. The significance of the elevated gas readings will not be known until wireline logs have been run and evaluated.

The Ngapaeruru-1 well has reached intermediate casing point at 977 meters with operations continuing according to the drill plan. The planned total depth of the Ngapaeruru-1 well is approximately 1800 meters and is targeting the naturally fractured Waipawa Black Shale and Whangai source-rocks.

"We've passed a couple of critical drilling challenges successfully in the Ngapaeruru-1 well now, including cementing intermediate casing across the troublesome Weber and Wanstead Formations. TAG can now drill confidently ahead into the Waipawa and Whangai source rock targets." Drew Cadenhead, TAG's C.O.O. commented. "We've had to increase the mud weights considerably as we drill deeper, and we continue to see rising mudlog gas readings, including the oil-indicative C3-C5 factions, which is encouraging. The "oil kitchen" in these source rocks is definitely working below us - it promises to be interesting drilling over the next couple of weeks."

The Ngapaeruru-1 well was spudded on April 22, 2013 and is located in TAG's 100% controlled Petroleum Exploration Permit 38349, located in the East Coast Basin of New Zealand.

For further information on the Ngapaeruru-1 exploration well and TAG Oil's unconventional prospects please visit:

TAG Oil Ltd.

TAG Oil Ltd. ( is a Canadian-based production and exploration company with operations focused exclusively in New Zealand. With 100% ownership over all its core assets, including extensive oil and gas production infrastructure, TAG is enjoying substantial oil and gas production and reserve growth through development of several light oil and gas discoveries. TAG is also actively drilling high-impact exploration prospects identified across more than 2,984,171 net acres of land in New Zealand.

In the East Coast Basin, TAG will explore and potentially develop the major unconventional resource potential believed to exist in the tight oil source-rock formations that are widespread over the Company's acreage. These oil-rich and naturally fractured formations have many similarities to North America's Bakken source-rock formation in the successful Williston Basin.

Cautionary Note Regarding Forward-Looking Statements:

Statements contained in this news release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of TAG. Such statements can be generally, but not always, identified by words such as "expects", "plans", "anticipates", "intends", "estimates", "forecasts", "schedules", "prepares", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. All estimates and statements that describe the Company's objectives, mudlog gas readings, oil indicators, drilling, goals and or future plans with respect to the drilling in the East Coast Basin forward-looking statements under applicable securities laws and necessarily involve risks and uncertainties including, without limitation: risks associated with oil and gas exploration, development, exploitation and production, geological risks, marketing and transportation, the risk associated with estimating undiscovered original initially-in-place, availability of adequate funding, volatility of commodity prices, environmental risks, competition from others, and changes in the regulatory and taxation environment. Actual results may vary materially from the information provided in this release, and there is no representation by TAG Oil that the actual results realized in the future will be the same in whole or in part as those presented herein.

Other factors that could cause actual results to differ from those contained in the forward-looking statements are also set forth in filings that TAG and its independent evaluator have made, including TAG's most recently filed reports in Canada under National Instrument 51-101, which can be found under TAG's SEDAR profile at www.sedar.com.

TAG undertakes no obligation, except as otherwise required by law, to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors change.

SOURCE TAG Oil Ltd.

[mcbeanburger] 30/4/2013 21:03

closed at 65% up ..... tomorrow should be interesting...

[mcbeanburger] 30/4/2013 20:55

mes up 53%... like HELLO!!!!!

[mcbeanburger] 30/4/2013 20:09

Bob Moriarty: talking about TAG and MES on Green Energy....

[mcbeanburger] 26/4/2013 08:47

if TAG doubles we can expect MES to quadruple min imo

[mcbeanburger] 26/4/2013 08:44

David Pescod on Tag Oil today

TAG OIL (T-TAO) $5.58 +0.11

SHOAL POINT (CDNX:SHP) $0.085 -0.005

Clive Stockdale, veteran oil and gas guy, became one of

our heroes way back when he suggested Ultra Petroleum

was the stock you had to own. That was when they were on

the verge of new technology that is commonplace now, but

changed much of the natural gas business of today, in the

Green River basin and elsewhere.

And oh yeah, Ultra was around a dollar a share when he

started screaming "you had to have some of it". We thought

we were pretty smart selling some of it for doubles, triples

and maybe even a four-bagger. It paid off the mortgage, but

who was to know eventually it was to become a hundredbagger.

That was before natural gas corrected of course, and Ultra

has recently had a five-for-one sale on its stock over the

last while. A sign of the times in the resource sector. Lots

of big sales out there.

Two of Stockdale's current favorite plays over the last

while have also had massive corrections - TAG Oil almost a

four-for-one sale at one point, and Shoal Point, much worse.

Both shale plays – and both might be big some day.

In the last few days, TAG has finally spud at their big

shale play in New Zealand – about 18 months late by our

calculations; but in New Zealand, a country that imports

much of its oil, but has great royalty regimes, doesn't exactly

have all the equipment one would need nearby for big,

expensive, complicated, state-of-the-art Shale Oil play.

It took time to work up to the big spud in the last few

days, while conventional oil has come on stream for TAG,

finally.

How hopeful or excited should one get in a rather gloomy

resource market? Canaccord's Scott Carlson writes in Instant

Coffee: "Drill turning (finally) at East Coast Basin.

Shares of TAG Oil were up after the New Zealand-focused oil

& gas company announced that drilling of the Ngapaeruru-1

exploration well is now underway in TAG's 100%-controlled

Petroleum Exploration Permit 38349, located in the East

Coast Basin of New Zealand.

The Ngapaeruru-1 exploration well, which spudded early

Monday morning, is targeting the Waipawa Black Shale and

Whangai source rock formations at an anticipated depth of

1,800 m, and will test the unconventional discovery potential

in this portion of the Basin.

Management at TAG noted that the Waipawa Black

Shale and Whangai formations are high-quality source

rock formations present throughout most of TAG's million-

acre East Coast Basin land holdings, and highlighted

that these oil-and gas-rich source rocks are comparable in

total organic carbon content and oil and gas maturity levels

to successful tight oil and gas plays such as North

Dakota's Bakken shale in the prolific Williston Basin.

A previous independent report estimated potential undiscovered

oil initially-in-place amounting to 14 billion

barrels, calculated on just 20% of TAG's East Coast Basin

acreage that is believed to be prospective for unconventional

discovery. Management stated that TAG was the

first company to identify the unconventional play in the

East Coast Basin, and therefore selected the acreage

where the company believed it to be the most prospective

for unconventional exploration."

Clive reminds us that shale plays aren't understood on

the first well. Expect volatility!

Keith Schaefer of the Oil and Gas Investment Bulletin,

wrote on Tuesday:

• TAG has spud their first east coast shale well in New

Zealand, that will be targeting the long rumoured

Whangai shale.

• Be aware that if this well DOES hit, the stock could

have a monster move up.

• On the positive side, you would have to think that

management is going to drill where they think they

have the best chance--they talk about free flowing oil

in their press release.

• At the same time, companies rarely get the optimum

fracking technique and recovery on the first well. But I

think the market will move even if they confirm oil

saturation over a long interval.

• Also remember this shale play is likely NOT like the

typical North American shale plays, where they lie like

blankets or sheets in a very simple flat formation. It's

a lot more folded and churned around; more geologically

complex.

• So I'm putting 5000 shares of TAG Oil in the OGIB

portfolio at $4.90. The stock is not a breakout until it's

over $6."

To us and many others, this is one of the

exploration

plays of the day...Finally, now the stress and worry for a

few weeks might this be another Ultra... or Not. See you

tomorrow!"

[mcbeanburger] 26/4/2013 08:44

TAG getting pumped by just about everyone.... here's a couple of articles

GMP puts $225 target on TAO oil play



"The oil is there – it's just a matter of unlocking it ,'' GMP analysts said
in briefing.

Resource analysts at GMP Securities Europe LLP are clearly optimistic about
the outlook for Tag Oil Ltd. (TSX: V.TAO, Stock Forum), a junior oil and gas
firm with operations in New Zealand.



In an email to Stockhouse, GMP's U.K. analyst Peter Nicol insisted that the
investment firm has no formal rating on TAG and has not completed any
official research on the company.However, in an April 21 internal sales
briefing obtained by Stockhouse, Nicol and fellow GMP analyst Toby Pierce
estimated that TAG would have an un-risked value of approximately $225 per
share if the company can unlock the potential of its unconventional oil
shale plays on New Zealand's North Island.



"The oil is there – it's just a matter of unlocking it,'' the analysts said.



On the same day (April 21), TAG revealed that GMP was leading an
underwriting syndicate that aimed to raise $17.4 million from the sale of
6.7 million $2.60 units, each of which was comprised of one common share of
TAG and one-half of one common share purchase warrant. The warrants are
exercisable at $3.60 each and entitle the holder to acquire one common share
for a period of 18 months following completion of the offering on May 5.
When the over-allotment options were taken up, proceeds of the financing
reached $20 million. After closing on Friday at $4.38, TAG shares trade in a
52-week range of $4.64 and 64 cents, giving the company a market value of
$165 million, based on the 37 million shares outstanding.



Based in Vancouver, TAG is a company that specializes in extracting oil from
finely-layered soft rock or mud. This kind of environment is known as
fractured shales because in many areas the layers are largely shattered or
'fractured material.' The TAG operations are centred on New Zealand's North
Island. They are comprised of oil and gas production and exploration in the
Taranaki Basin on the west side of the island, and exploration activities on
the East Coast Basin on the east.

TAG has 2.2 million acres across its five permits and 490 barrels per day
net of production in this area.



According to two independent engineering evaluations by Calgary firms
Sproule International Ltd. and AJM Petroleum Consultants, the two basins
have 14 billion barrels of original oil in place (OOIP) identified on less
than 10% of the company's land base. It is this that is attracting attention
in investment industry circles.



In the April briefing, GMP's Nicol and Pierce gave their top three reasons
to own the share. They include:

* Prospective acreage and billions of barrels in place in the region.

* TAG's wide varied portfolio, ranging from low risk development to higher
risk exploitation and exploration.

* Upcoming activity, including future drilling in the Taranaki and East
Coast basins.



"On very conservative numbers, we estimate that TAG will have a core NAV
(following the May financing) of roughly $1.44, which consists of
approximately 74 cents in cash and proven and probable reserves/resources of
roughly 77 cents,'' the GMP analysts said, adding that these reserves are
currently in production.The analysts went on to say that their risked value
per share of TAG is roughly $14.82 following the $20 million May financing.
But if TAG can unleash the potential of its unconventional oil shale plays,
their unrisked value per share is worth over $225, the analysts said.
Meanwhile, Kevin Shaw of Wellington West Capital Markets Inc., initiated
coverage of TAG on September 20 with a speculative buy rating and a $3.80
target price.



After closing its recent financing, Shaw said the company is gearing up for
sizeable work programs in the next two years in the Taranaki Basin. "With
$26 million in working capital and no debt, TAG is in a strong financial
position to move forward with an initial Taranaki basin development and
exploration program,'' Shaw said.



In the three months ended June 30, 2010, TAG reported production revenue of
$1.8 million, an increase from $588,818 a year earlier. Net income in the
quarter was $119,439, or $0.00 per share compared to year earlier loss of
$170,055 or $0.01 per share. The company's production revenues are generated
by producing wells in the Cheal oil field in the Taranaki Basin, which
produced an average of 294 barrels per day during the quarter ended June 30,
2010. In the short term, the Taranaki basin is expected to be the primary
focus for TAG as it bids to ramp up production revenue. It covers an area of
about 100,000 square kilometres and remains relatively under explored, with
only 125 wildcat being drilled since 1955.



TAG has already identified more than 30 initial drilling locations in
Taranaki to further explore and develop its two key land permits, Shaw noted
in his report.



However, analysts say the potential for the discovery of resources in the
future is expected to be much greater in the East Coast Basin, where TAG has
a 100% working interest in three permits covering two million acres of
undeveloped land.



"Even though it is still early days for the widespread unconventional oil
shales which have been identified on these permits, the East Coast basin can
be compared with both the Bakken shale play in North American and the Paris
Basin Liassic [in France],'' said Shaw.



ABOUT THE AUTHOR

Peter Kennedy

[mcbeanburger] 25/4/2013 23:02

well got more info but not sure if correct nor not sure I can put it here. but can say Fortune 500

this will put mes on the map if it happens.....

[mcbeanburger] 25/4/2013 20:43

rumour is true MES are trying to bring in a Oil Major/mid tier!!

from MD&A dated today

Marauder is in discussions with a financial group that is considering joint-venturing with Marauder in its
New Zealand project on a 50/50 basis and, subject to data review, may provide initial capex requirements
in excess of $50 million to commence initial evaluation of its permit.

[mcbeanburger] 23/4/2013 18:48

bob's started again!...



he sure can bring in the punters....

[mcbeanburger] 16/4/2013 11:32

TAG to start drilling shortly


Large land-based drills arrive near Dannevirke

16/04/20


PETROL PURSUIT: Equipment for oil exploration is bring set up at a site in Ngapaeruru Rd near Dannevirke.



Tag Oil was granted two consents by Horizons Regional Council last month to undertake a four-week period of 24-hour drilling on a Mangahei Rd property, 17km east of Dannevirke, and one at Ngapaeruru Rd, 2km further east.

This week the custom-built land rig arrived at Ngapaeruru Rd after working on a well site in Taranaki.

A Tag Oil New Zealand spokesman said all the rig and associated equipment was now on site.

Tararua farmer Shayne Ferguson, who owns a property between the two exploration sites, said there had been quick progress in the past week, but a lack of information for residents.

Tararua farmer and anti-fracking group spokesman Donald James said the drill's arrival was the tip of the iceberg in a potentially long battle.

"If they find anything at all there, the next battle will be the fracking one."

Senior staff from Horizons Regional Council's regulatory team have met with people from the community concerned about Tararua's oil exploration activities.

Members of the council's environmental protection team had also been to the site to ensure the applicant was complying with the conditions of its consents, which it was, a Horizons spokeswoman said.



The components of the drill rig are truck-based and fold down and pack up to be driven between sites.

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[mcbeanburger] 14/4/2013 11:30

i'm still here... its been a much longer ride then i expected (at least at this level)

last rumour for those who still care: A major oil company is looking to JV MES/XOP's NZ property subject to good siesmics. MES got TAG's old siesmics so I would assume this will come into play sooner than later.

we'll see.

[mcbeanburger] 17/2/2013 10:16

Jonno1,

apache - it was strategic move by them, they had a half billion write down and are pulling in their horns concentrating on core business. this is on the stockhouse BB.

again as explained on stockhouse.. its called a Gypsy Swap. Insiders sell their shares to take up the PP and get the half warrent.

harder to explain is the PP at 0.065 cents... management goof up. should have been at 10 or higher.

I think the mid twenties are coming with moriarty on side.