Messaging International Share Discussion Threads

[poacher886] 08/4/2014 18:19

Anyone here still alive??

[poacher886] 14/3/2014 20:52

Noticed this company recently, all seems good financial wise, yet next to no trades / hype or interest going by the bb's and trades, am i missing something here?

Anyone care to give their thoughts as an investment going forward...thanks

[mcbeanburger] 14/2/2014 22:01

at it again... causes little boobs up then resumes trend.

we have to wait til tag test their ec well in April/May to get a clue what is going on.

[mcbeanburger] 26/11/2013 09:18

TAG Oil signals plans
Tuesday, November 26, 2013 • Kristine Walsh
IF things pan out the way TAG Oil hopes, its work on the east coast of the North Island could be a multibillion-dollar development, says the company's Canada-based chief executive Garth Johnson.

Taking part in a conference call with investors about the release of their second-quarter financial results, Mr Johnson said the company's drilling and production operations in Taranaki had put it in the position where it was supported by both cash flow and reserves, and many years-worth of new drilling prospects.

"Added to that is the advancement of the east coast unconventional play that has the potential to eclipse everything else combined, if we prove it to be a commercial play," he said.

"We have a lot of work to do in the east coast but it's under way. We have added unconventional expertise to our team to make it happen."

That expertise comes from unconventional oil and gas specialists Stephen Dutnell and David Cornue, who will be based at TAG's new Napier office.

It will be their job to try to get the best out of operations in the East Coast Basin, including the Ngapaeruru-1 well near Dannevirke, and the yet-to-be-drilled Waitangi Valley well, near Te Karaka.

Waitangi Valley will be the second unconventional well to be spudded (the term for when drilling starts) by TAG on the east coast.

Joining the conference call, TAG New Zealand country manager Randy Toone said that with resource consent already approved, work was due to start at the Te Karaka site in the first quarter of next year.

"Waitangi Valley is situated very near the most profuse oil seeps in New Zealand, so we know the 'oil kitchen' is working," he said.

The combination of fresh drilling activity in Taranaki and at Waitangi Valley would cost TAG between $50m and $75m over the next year, Mr Johnson said.

With TAG having taken on its two new experts and opened the Napier office to complement its New Plymouth base, further east coast wells were a possibility as the company ramped up its expenditure in the region, the second-quarter report said.

Just how much capital would be invested on the east coast depended on the analysis of the "encouraging" data gathered from Ngapaeruru-1, and on the results of the work at Waitangi Valley.

Both are "unconventional" oil plays - areas where resources are diffused through shale rock, and unlikely to be extracted by traditional methods.

"Our goal when we contracted our two experts was to quickly build a programme to drill up to 10 new wells over the next couple of years," Mr Johnson said.

In response to a financial adviser's question about how "tenacious" TAG intended to be on the east coast, Mr Johnson said the company had a good reputation for persevering through a number of different challenges, "and I think we will continue with that".

Establishing "potentially game-changing wells" in areas like the East Coast Basin was why TAG, the most active explorer in the country, had remained committed to New Zealand, Mr Johnson told investors.

Should the east coast territory prove too challenging even for TAG's considerable cash reserves of more than $70 million, there were options, he said.

"A number of companies significantly larger than TAG have expressed an interest in the basin and specifically in our permits on the east coast.

"My goal is to take the programme through the proof-of-concept phase on our own.

"If there is going to be a multibillion-dollar development cost on success, TAG would definitely need some help with that."

• TAG's financials are recorded in Canadian dollars ($1CAD = $1.16NZ).

Comments
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[mcbeanburger] 25/11/2013 15:10

from mes's MD&A

some key points:

on TAG drill hole:

Preliminary gas ratio analysis interprets a predominantly wet gas/oil signature. TAG recovered 14 separate side wall cores from the interval and they are conducting petro physical evaluations to determine the most suitable completion and production testing method for the well.

wet gas/oil signature? not sure exactly what that means.

continue to be looking at other NZ plays:
Marauder believes New Zealand is an attractive country to invest in and is currently evaluating other oil and gas opportunities in the region.


JV disucssions still on going. Assume JV partner is waiting for TAG's analysis. Is TAG withholding for that very reason?


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.

[dmk1198] 22/11/2013 00:37

Thnx mcbean

So worth holding I guess?

I'm on a free ride after 1 bagging anyways

[mcbeanburger] 19/11/2013 09:08

dmk - unconventional oil in New Zealand. no drilling yet but estimated at 13 billion b.

see the mariarty musing on:

hxxp://www.321energy.com/editorials/moriarty/moriarty090313.html

see the first articale (link within above link).

he covers it fairly well.

[dmk1198] 18/11/2013 23:51

Sorry guys I bought in here for the off shore play near Somalia
It that still a possibity?
What other plays do we have left?

Thnx in advance

[itsonlyme2] 05/11/2013 09:19

lol lol i dont do shorting

[mcbeanburger] 03/11/2013 13:07

not going to bite sorry.

[itsonlyme2] 03/11/2013 06:32

no I am about 6 foot tall

[mcbeanburger] 31/10/2013 17:41

?? hope your short matey. put your money where your mouth is.

[itsonlyme2] 31/10/2013 17:19

still a duster which ever way you paint it

[mr sensible] 31/10/2013 16:39

we got the message loud and clear...
This will steady go up...

[glennborthwick] 30/10/2013 19:26

bit of a spike

[mcbeanburger] 26/10/2013 23:01

Redinvest re-posted this on NZ thread on ihub but worth remembering what TAG said in July on their blog: three key points

hxxp://blog.tagoil.com/

1) "We can't give up too much detail at this stage as there is a critical land sale occurring in New Zealand later this year." key info is being withheld.

2) "We anticipated and encountered extreme overpressures. but probably most important is that there seems to be permeability associated with the zone. "

3) "the seal looks to be working as no shows were seen above the zone." regional seal seems to be place.

all in all 3 reasons to be cheerful. now bring on the news.

-----------------------------

Drew on the East Coast Basin...

"We can't give up too much detail at this stage as there is a critical land sale occurring in New Zealand later this year, bid deadline is September 26, and there are few blocks up for bid offsetting us within the East Coast Basin. But I can tell you, we are extremely proud of the operational job we did in the drilling of our first deep test on the East Coast.

Ngapaeruru-1 was drilled without a hitch in about three weeks. We anticipated and encountered extreme overpressures. We encountered swelling mud stones and a few other nasty drilling obstacles that have been a nemesis of past drillers in this tricky basin. But again, our combination of Kiwi experience and North American technology allowed us to drill our well easily, collect all the critical data we intended to, and not have a single environmental health or safety issue.

The small minority of anti-fossil fuel opposition we had before we spudded the well barely had time to organize a protest before we were gone. The vast majority of our neighbors there, all of the regulatory bodies like local and regional councils couldn't believe what a professional operation it turned out to be. Drilling is new to these people. I think they were expecting wooden derricks and a spindle top blowout or something.

The results of this first well were encouraging, to say the least. In order to keep that over pressuring in check, we took no chances and used extremely heavy mud weights while drilling. Despite that, we went from over 1,000 meters of zero oil and gas shows through the over burden to instantaneous strong shows once we entered our target zone. Those shows continued unabated for 155 meters before they instantly disappeared to absolutely no shows again until TD, and that tells us a couple of things.

Number one, the seal looks to be working as no shows were seen above the zone. The zone itself definitely has hydrocarbons in it, but of course that was expected. We knew these source rocks were working from the quality and quantity of oil and gas seeps in this basin, but probably most important is that there seems to be permeability associated with the zone. That's the only way we would see the shows we did even given the high mud weights we were using.

We collected a lot of core, we shot Schlumberger's logs I've never even heard of before focusing on unconventional parameters and we collected live samples of liberated gas from the drilling mud itself. All of this data is now in various labs, mainly in New Zealand and Australia, where we're working with specialists from around the globe to interpret and plan the next step to be taken with the play, and in particular this wellbore.

What I can tell you is, we would definitely be completing this well, probably not for at least three to four months until we get all the data back from the labs and it's all interpreted, but Ngapaeruru-1 was not a red light, it was not an orange light, it is definitely a green light from what we have seen so far."

[mcbeanburger] 02/10/2013 09:40

busy Bob is at it again

[mcbeanburger] 24/9/2013 14:50

interesting read on East Coast potential from the NZ gov.

hxxp://www.med.govt.nz/sectors-industries/natural-resources/pdf-docs-library/oil-and-gas/petroleum-expert-reports/East-Coast-oil-gas-development-study-report.pdf

[mcbeanburger] 22/9/2013 14:47

ok thanks - something to consider.

[energyi] 21/9/2013 23:54

(Answering a question from the WEIM thread):

"Hey E-,
how's life? where do you hang out these days?"

Answer, check the GEI website. You might like it.
Here's the WEIMAR thread :

Final Rally in London thread:


Maybe you can open a MES thread there (?)

[mcbeanburger] 03/9/2013 19:04

Mes in the news....

Way Bigger than Bakken

Bob Moriarty
President: 321gold
Archives
September 3rd, 2013

Back in April I wrote about Tag Oil drilling a new well on their North Island East Coast Basin project in New Zealand named the Ngapaeuru-1 well. In May, Tag released the results from the hole showing a 155-meter intercept. In early July the COO of Tag, Drew Cadenhead made some comments in a conference call that were quite interesting.

Drew on the East Coast Basin...

"The results of this first well were encouraging, to say the least. In order to keep that over pressuring in check, we took no chances and used extremely heavy mud weights while drilling. Despite that, we went from over 1,000 meters of zero oil and gas shows through the over burden to instantaneous strong shows once we entered our target zone. Those shows continued unabated for 155 meters before they instantly disappeared to absolutely no shows again until TD, and that tells us a couple of things.

Number one, the seal looks to be working as no shows were seen above the zone. The zone itself definitely has hydrocarbons in it, but of course that was expected. We knew these source rocks were working from the quality and quantity of oil and gas seeps in this basin, but probably most important is that there seems to be permeability associated with the zone. That's the only way we would see the shows we did even given the high mud weights we were using.

What I can tell you is, we would definitely be completing this well, probably not for at least three to four months until we get all the data back from the labs and it's all interpreted, but Ngapaeruru-1 was not a red light, it was not an orange light, it is definitely a green light from what we have seen so far."

In 2008, TransOrient (now Tag Oil) completed a report based on eight samples from the Whangai shale on their ground. One of the eight samples showed a porosity of 16.3% but the report concludes it was anomalous. If you take the seven similar samples and average them, they show an average porosity of 26.44. The report was submitted to the NZ government and was kept confidential for a period of five years. It was released to the public only last month.

Porosity is a measure of capacity of rock to absorb oil. The more porous a rock is, the more oil it has potential for. In comparison, the Bakken is between 8% and 12%. The well-known Barnett shale in Texas is a mere 4-5%. While the New Zealand East Coast Basin is far thicker than the Bakken or Barnett, it is deeper and will cost more to drill. The Bakken is 10-50 meters thick, the Barnett 1-40 meters thick and the Whangai 300-600 meters thick.

Marauder sent me a copy of their internal figures. They are not yet 51-101 but they are working on that. Marauder did just finish reprocessing 275 square km of 2D seismic. Their internal numbers indicate an average shale thickness of 125 meters over 57,000 acres. Using a figure of 25% porosity, Marauder's OOIP should be about 13 billion barrels of oil.

AJM Petroleum Consultants did a resource calculation for Tag and they concluded Tag had 12.65 billion barrels OOIP based on only 10% of Tag's holdings in the East Coast Basin so Marauder's numbers are in line with that of Tag.

Based on the purchase by PetroChina paid for EnCana in Western Alberta in December 2012, PetroChina paid $2.2 billion for 50% of the 9 billion barrels OOIP EnCana shows on their website. The EnCana numbers are based on a proven play. The New Zealand East Coast Basin is still unproven. Tag's analyst, Casimir Capital states that the exploratory value for $/bbl OOIP can be multiplied by 5.6 once proved.

In simple terms, that means Marauder's 13 billion barrels OOIP "COULD" be worth $1.15 billion in the exploration phase and $6.5 billion unrisked once proved.

At today's market prices, Tag is worth some $267 million but it has production and there is no obvious value given to their North Island East Coast basin projects. They have $10 billion dollar potential should the East Coast Basin shale become popular. Marauder has a tiny $4.3 million dollar market cap and great potential for higher values as Tag advances their projects.

I own Marauder and they are an advertiser. I am biased. I encourage readers to do their own due diligence. Pay attention to what Tag reports. Marauder's ground in right in between that of Tag in the East Coast Basin. A hit by Tag is a hit for Marauder.

Marauder Resources East Coast
MES-V $.05 (Aug 30, 2013)
MESNF-OTCBB
97.1 million shares
Marauder Resources website

[moz8] 16/8/2013 17:42

Still ticking up!

[mcbeanburger] 09/6/2013 08:45

interesting piece on TAG....


hxxp://www.beatingtheindex.com/tag-oil-value-stock-or-drill-punt/