Web Site : http://www.taghmenenergy.com/

Company Update Webcast Webcast, watch by clicking here

June 2006 Write Up June 06 Oil Barrel Link Here

May 2006 Write Up : http://www.proactiveinvestors.com/registered/articles/article.asp?TAG

May 2006 Research Report : http://www.objectivecapital.co.uk/taghmen.pdf

April 2006 Presentation : http://www.taghmenenergy.com/documents/taghmen_04_06.pps

Email : info@taghmenenergy.com

Company Profile

Taghmen Energy is an independent oil and gas exploration, development and production company which listed on Londons AIM market in January 2005. It is focused on Latin America and has assembled a group of assets in Central America.

Key Points:

Exploration focus is shifting to new hydrocarbon destinations.
Maturing fields in traditional oil producing regions such as the Persian Gulf and the North Sea have prompted companies to seek alternative destinations for hydrocarbon reserves. As a result, there has been a notable increase in exploration activity amongst the former Soviet Union, Latin/Central America and West Africa regions due to their under-exploited reserves. Much of future oil and gas production is expected to come from these emerging hydrocarbon regions.

... and to the development of smaller fields
With the notable exception of those in the former Soviet Union, new regions however offer relatively smaller fields. Their economics make them distinctly attractive for smaller companies but unattractive for the majors. This has prompted larger companies to focus on production, leaving exploration and development of hydrocarbon reserves with smaller companies. Taghmen characterises these emerging exploration trends in the oil and gas sector.

Corporate strategy entails both exploration and production
What is unique with Taghmen is its intent to be engaged in subsequent production as well. Most exploration companies seek to exit upon the prove-up of their reserves through an asset sale to a larger company. Taghmens intent to be a company maker makes it more selective in licence acquisition. It also offers more comfort regarding the reserve potential of its licence areas.

... and is en route to be implemented through an acquisition
Taghmen is in the process of finalizing the acquisition of Petroleos del Norte S.A. (PDN), a Colombian company that operates three fields close to Taghmens licence areas. The proposed acquisition would provide Taghmen with a larger exploration reserve base, a pipeline infrastructure and some producing assets. This reiterates Taghmens commitment to be a producing company rather than a pure exploration play.

High energy prices underpin the profitability of exploration
Rising demand for energy from fast growing economies such as China and the uncertainty in key oil producing regions are likely to keep world energy prices high. This has reduced the risk profile of exploration projects considerably. Current oil prices make even smaller fields financially viable.

Latin/Central American governments are keen to develop their reserves
As the energy needs of these countries mount, the need to develop their hydrocarbon resources has gained eloquence. Governments are keenly seeking foreign investment and have adopted several policy decisions to attract them to their respective countries. Colombia and Guatemala are no exceptions. Taghmen benefits from these developments
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Price guide for Mexican/Guatemalan Oil types (3X looks Olmeca type)
http://pemex.com/files/dcpe/epreciopromedio_ing.pdf


Las Casas Weather Link : http://www.fallingrain.com/world/GT/14/Las_Casas.html

Glossary of terms used in the oil business : Link Here



Las Casas Weather Link : http://www.fallingrain.com/world/GT/14/Las_Casas.html

Glossary of terms used in the oil business : Link Here

Details on what is an oil well : Link Here

Research links ;

http://www.taghmenenergy.com/documents/taghmen_float.pps

http://www.resourceinvestor.com/pebble.asp?relid=8052

http://www.taghmenenergy.com/documents/taghmen_aim_listing.pdf

http://www.findarticles.com/p/articles/mi_m3159/is_8_220/ai_55822340/pg_3

http://www.costaricabusinessclub.com/187/english/news.html

http://www.mbendi.co.za/a_sndmsg/news_view.asp?I=67434&PG=23

http://www.ihsenergy.com/company/pressroom/articles/files/07-05-worldwatch.pdf

http://www.ideasintl.com/news/Articles/TaghmenEnergy.htm

New September 2005 Investor Presentation (MS Powerpoint);
http://www.taghmenenergy.com/documents/taghmen_09_05.pps


Major Shareholders

Significant stakeholders now include Fidelity, Artemis, RAB, Metage and Millennium.

Major Shareholders : Shares in issue: 82.3m


Major Shareholders....................................Amount....................% Holding

Gregory Charles Smith (Dir)......................13,600,001................16.52
Millennium Global High Yield Fund Ltd........7,153,848..................8.69
Chasm Lake Management Services LLC......5,615,385..................6.82
OCH Ziff Capital Management.....................5,200,000..................6.32
Artemis Inv Mgmt Ltd.................................5,000,000..................6.07
Fidelity Management and Research.............4,745,755..................5.77
RAB Energy Fund Ltd................................4,480,770..................5.44
RAB Special Situations LP.........................3,713,077..................4.51
THIRD POINT LLC.....................................2,800,000..................3.40
Moore Capital Management Inc...................2,538,462..................3.08
Liberty Square Asset Management..............2,500,000..................3.04
Meridian Natural Resources High Yield.........2,423,078..................2.94
Metage Funds Ltd.......................................1,897,470..................2.30

Other directors
James De Vaux Guiang (Dir).......................1,000,000...................1.215
Nicholas Hugo Gay (Dir)............................750,000...................0.911
John McNeil Scott (Dir)............................750,000...................0.911

2006 Work Plan For Guatemala and Colombia

Guatemala (Active drilling 2006 to early 2007)



For Las Casas license

Ongoing = Long Term Production Testing - Las Casas 3X
May to July 2006 ***** Sidetrack of Las Casas 1X
July to August 2006 ***** New Well Huapec 2X

For A7-2005 license

June to July 2006 ***** Workover of Tortugas 4 (any order 4/5/2)
July to August 2006 ***** Workover of Tortugas 5
August to Sept 2006 ***** Workover of Atzam 2
May 2006 ***** 2D Seismic at Tortugas / Atzam
June to Sept 2006 ***** 3D Seismic at Tortugas / Atzam
October 2006 onwards ***** Drilling of 3 news wells at Tortugas/Atzam
___________________________________________________________________

Colombia (Process and Prepare ahead of 2007 drilling)



Midas License

May to June 2006 ***** Reprocess old seismic and Well Studies
June 2006 ***** Geochecmical Survey
August to November ***** New Seismic acquisition

La Poloma License

May to June 2006 ***** Reprocess seismic and well studies
July to August 2006 ***** Geochemical Survey
Nov to December 2006 ***** New Seismic acquisition

PDN Colombia

Details to be issued once acquired

IC Write Up : 21st Apr 2006 IC Write Up Link Here
_________________

Research report (12th May 2006) on TAG in the link below :

Here is the comment from Nick Gay -

"please find a research report prepared by objective capital on taghmen.This covers our existing asset base,but does not take into account any impact of the PDN acquisition.Objective capital has also applied its own conservative geological risk factors to the various prospects.Having done this,they calculate a value for the assets of $84.3 million,well in excess of the current stock market valuation.Removing their risk factors indicates a value of $746.7 million.We obviously have a lot to play for !"

http://www.objectivecapital.co.uk/taghmen.pdf

Taghmen Energy PLC
20 February 2006

TAGHMEN ENERGY Plc
Interest in New Licence in Colombia

Taghmen Energy Plc ('Taghmen' or the 'Company'), an independent oil and gas
exploration, development and production company focused on Latin America and
which listed on AIM in January 2005, is pleased to announce it has agreed terms
that will lead to the Company acquiring an interest in an additional licence in
the Middle Magdalena Valley, Colombia.

Under the terms of its arrangement, Taghmen will ultimately acquire a 65%
interest in the licence but will not be Operator. Taghmen has identified several leads that could contain potential reserves of approximately 20 million barrels (13 million net to the Company). The initial work programme covers a four year time frame with approximately $1 million to be borne by Taghmen in the first year related to a new 2D seismic shoot, together with the reprocessing of existing data. Following the initial programme the Company can choose to proceed with further work or to relinquish a portion of the licence at the end of each year.

The transaction is expected to close within the next 45 days and is dependent on the underlying licence being successfully issued.

This follows the award to Taghmen of the 'Midas' licence in the same region, as
announced on 15th February 2006, which is estimated to have the potential for
recoverable reserves of up to 90 million barrels.

Nicholas Gay, CEO of Taghmen Energy Plc commented:

'Upon successful completion of this transaction, our Colombian interests will
have the potential to add nearly 80 million barrels, net to Taghmen, to our
existing Guatemalan potential reserve base of approximately 45 million barrels.
The attractive new licence terms and tremendous hydrocarbons potential of
Colombia made it an obvious choice for the expansion of our Latin American asset base.'

20th February 2006

For further information, please contact:
Taghmen Energy Plc Nicholas Gay,
Nicholasgay@taghmenenergy.com +44(0)2072974360
www.taghmenenergy.com

Some decent buying today, lets hope it continues and as soon as we have Cannacord clear, we can have some decent rises.

I hope this times in with 3X news coming out.

And we had our first MM buy for a long time this morning, how about that, impressive or not ? ;) LOL

PP,

Please would you explain what the 'Cannacord' issue is and why this is affecting the shre price?

In this morning.

PP,

Please ignore my last re Cannacord found the answer on another board.

Cheers

Cannacord, the now removed TAG broker, and in place of them we have Seymour Pierce. Cannacord are also an MM (CANA) and appear to be selling for a client of theirs. When this is finished, I would expect a strong rise on TAG.

Yes Papal - Unfortunately we will need to clear out that seller. I did my part by adding another 5K. Holding 30K now :)

525K and 125K trades just materialised. These must surely be the accumulated sells which have kept the price down? On and upwards from here?

But the price of 63p and 62p would indicate they are buys. Very strange??

Strange, but the on line sell limit is now ore than the buy limit.

Hopefully this signals the seller is nearly out and things can move on.

The 525K was at 63.05p, I wonder if there is some shopping going on to clear out the seller.

I took a further interest in this one early doors,expecting the upward curve and I know of others joining in.What I cannot understand is the performance against EME which is looking to be a real star.

ShearerShearer, I would not compare TAG and EME for a start, both very different. EME has that "blue sky" appeal, and is being helped by some generous, errrr statement.

TAG is a different kettle of fish, not presently having "blue sky" potential, but much more solid and one that will grow solidly over time.

To put it another way, so far there is no news in EME that makes it worth over 50p (EN-1 is NOT confirmed as commercial as per the RNS yesterday, needs more work, and G-1 has not found anything "confirmed") so EME could fall flat down back to previous levels, wheres TAG has money in the bank and a lot of low risk assets. That is your risk/reward ratio, higher risk = higher possible rewards.

Do not get me wrong, I do hope all goes well for EME ! and everyone makes loads of money from it, but I am saying its still just a "high risk" punt.

TAG is considerably derisked by comparison, should rise well, but is not a ten bagger that EME could be, maybe just a 2 or 3 bagger in 2006 :)

2 or 3 bagger? Is that all? Boring!!! :)

If only that was the norm and boring Aerotus :))

There's another 150K T sell marked at 63p! Thats 1p higher than the midprice. Very generous considering it was definitely a sell which kept the lid on the price today. There can't be that much more to go.

suprised by lack of trading and activity considering it seems to be heading quite a few bb's. but im in and waiting, hoping. lol.

When there is this kind of behind the scenes movement going on, it will just hang around and bob up and down, and the suddenly when you least expect it, it will move quickly.

My estimate on 3X results is 2 to 3 weeks away now, my best guess for timing.

Papal - There have been loads of buys going through this afternoon. Any comments??

30K and 50K rollovers in there, but a B trade today at full offer 64p, so again good signs, ignore short term movements and look forward to March.

(PS, I have taken a position in ELP today, ahead of Jaguar drill results, high risk/high reward, just like EME was all those days ago at 30p :)

And those 200K T buys! HMMMM!!!!!