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The information contained herein is accurate to the best of the author’s knowledge, but the material and interpretations contained herein should be independently verified by any party using this information as part of any research, editorial, or decision making process. Any views expressed here represent the author’s opinion only, and as such readers should do their own research and come to their own conclusions if they are using the opinions contained herein as part of any larger due diligence process. The author may have long or short positions in the companies mentioned and may be buying or selling in the market depending on which way the wind is blowing at any given moment. Opinions are subject to change without notice. Prospective resources, predictions, comparisons, financial projections, and extrapolated metrics are, by their nature, subjective and interpretation dependent. The topics covered are highly speculative and involve a high degree of uncertainty and risk. Speculative companies can and do go to zero. By using this site, you agree that the author(s) and Hydra Capital is/are not responsible for any damages incurred by the use of the presented materials. Anyone reading these blog posts should know that they are the author’s thoughts and opinions, which are not to be confused with or construed as research reports.
Disclosure: The following represents my opinions only. I am long TAO.V (Image credit to Zbynek Burival on Unsplash)
I don’t do “one off” notes very often, but when it comes to something like Tag Oil (TAO.V, last at $0.45), I know that writing a quick note will save me a lot of phone time, so here you go.
TAO just provided an update on the BED4-T100 horizontal well and a few things caught my eye. The drilling phase of the well has been completed, with a 4-and-a-half-inch liner installed in the hole with the packers assembly, meaning that the well is now behind pipe and ready for completion. As I type this, the rig is in the process of being taken down and moved off the well in preparation for the completion and testing phase, which is welcome news.
