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

Email : info@taghmenenergy.com

New September 2005 Investor Presentation (MS Powerpoint);

http://www.taghmenenergy.com/documents/taghmen_09_05.pps


Read about the new exciting and potentially massive Belize Block 19:

http://www.ciglobal.com/document.asp?DocumentID=109

http://www.gtlaw.com/pub/pr/2001/millerm01a.htm





Taghmen Energy's subsidiary is Petrolatina

Taghmen Energy is an early stage play on being first mover in Guatemala, which management describes as one of the worlds most under-explored oil and gas regions with a proven reserve base of 87 billion barrels. The geology is said to be similar to southern Mexico, which currently produces 3.5 million barrels of oil per day.No extra funds were in the flotation which valued the company at 35 million. The move was sponsored by Canaccord Capital which has enjoyed a good reputation promoting natural resources companies
____________________________________________________________________

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

Major Shareholders : Shares in issue: 53.95M

Gregory Charles Smith............................13,600,001......25.20% Dir
Millennium Global High Yield Fund Ltd..........8,264,959.......15.32%
Chasm Lake Management Services LLC.......5,615,385.......10.41%
RAB Energy Fund Ltd...............................4,480,770........8.30%
Fidelity Investment Services Limited...........4,745,755........8.79%
RAB Special Situations LP.........................3,713,077........6.88%
Moore Capital Management Inc..................2,538,462........4.70%
Meridian Natural Resources High Yield Fund..2,423,078........4.49%
Metage Funds Ltd...................................1,897,470........3.51%
James De Vaux Guiang.............................1,000,000........1.85% Dir
Nicholas Hugo Gay...................................750,000..........1.39% Dir
John McNeil Scott....................................750,000..........1.39% Dir

Total held by major shareholders = more than 92.13%

Remaining percentage available = approx 4.5 million shares
____________________________________________________________________

Drilling Update

RNS Number:9432U
Taghmen Energy PLC
01 December 2005
TAGHMEN ENERGY Plc

Las Casas-Well 3X produces high quality oil

Taghmen Energy Plc ("Taghmen" or the "Company") an independent oil and gas
exploration, development and production company, focused on Latin America, which
listed on AIM in January 2005 announces the result of the initial test of its
Well 3X. The well is currently producing 40o API oil at an estimated rate of
100 barrels of oil per day ("bopd") under "swabbing" operations.

Based on the Company's current understanding, the well will be economic to
produce and together with the completion of a successful sidetrack of Well 1X in
early 2006, will lead to the commercial development of the Las Casas Field,
within Licence 6-93.

Well 3X

Well 3X is Taghmen's first oil discovery and the first new exploration well
drilled on the Las Casas structure within Licence 6-93 in Guatemala. It was
drilled to a total depth of 9,300 feet. The well was logged and three pay zones
were identified. Only one of these has been perforated so far.

The well has now been "swabbed" for five days resulting in a calculated daily
flow rate of 100 bopd. It is planned to perform an acid treatment to stimulate
production further. This will be followed by the installation of a Progressive
Cavity Pump and the well will then be put on a long term production test. It is
anticipated that the use of a pump will increase production from the well
materially. The use of pumps to maintain production is standard procedure in
Guatemala.

With an API of 40o, this is the highest quality oil found to date in Guatemala
and should therefore command a price close to world prices.


Forward Programme

The necessary infrastructure exists on site to allow the immediate production,
storage and sale of the crude oil produced.

In addition to the sidetrack of Well 1X, the Company is also planning a seismic
programme over the remainder of Licence 6-93, to confirm further drilling
locations.

Nicholas Gay, President and CEO of Taghmen Energy Plc:

"This is a significant development for Taghmen. We believe that the continuation
of further testing and cleaning up of the well will prove to be beneficial to
increase the production and maintain the high quality of hydrocarbons that are
apparent in the Las Casas structure."
____________________________________________________________________

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

Glossary of terms used in the oil business : Link Here
____________________________________________________________________

ABOUT TAGHMEN ENERGY

Management
125 years of combined oil and gas industry experience
Various members of the management group have previously worked together and they have extensive international oil and gas experience in a number of projects within both developing and developed countries including Russia, Egypt, Kazakhstan, Canada, Azerbaijan and the UK.
The Directors consider that the key strength of the Groups management team lies in its track record in finding and developing oil and gas fields in developing countries, accessing the necessary operating personnel and developing local staff.

Nicholas Gay and John Scott worked together in Russia at Bitech. While at Bitech, Bitech acquired Vanguard Oil Corporation where, together with Geoffrey Killick, they discovered and developed the Rabeh East oil field in Egypt, which was at the time estimated by Bitechs management to have proved and probable in excess of 20 million barrels of recoverable oil.
Separately, Nicholas Gay was a key player in the development and success of PetroKazakhstan Inc (formerly Hurricane Hydrocarbons Limited in Kazakhstan), while John Scott was Chief Operating Officer of Arawak Energy Corporation, a Canadian publicly listed company, in Azerbaijan and was instrumental in the development of that company.
Michael Realini, currently President of Mexpetrol, has worked in Guatemala between 1992 and 1998 as the Vice-President of Exploration of Pentagon Petroleum Inc. He was appointed as the General Manager of Mexpetrol in 2002.
Gregory Smith and Nicholas Gay have relationships with the financial and banking community and have a proven track record in raising both equity and debt finance.
History
The company was formed in July 2004 to acquire and pursue exploration, development and production of oil and gas assets with an initial focus in Latin America.

In 2004, the company raised .3 million (net of costs) through private placements principally with institutional investors to fund the acquisition of Mexpetrol which owns the licence in Guatemala and subsequent operations related thereto.
The Companys current operations comprise the exploration and development of oil and gas reserves in Guatemala, in particular the Las Casas 6-93 concession covering 130,186 hectares in the Peten basin of Guatemala.
The Las Casas lincence was obtained through the purchase of Mexpetrol (Guatemala) Corporation for an aggregate consideration of US.3 million.
Initially Guatemala
Guatemala, a relatively under-explored region, with a high level of prospectivity:
Close proximity to to Mexico and its highly productive fields
The oil and gas fields along the southern margin of the south Peten Basin including Rubelsanto and the area covered by the license lie in a similar geological setting to the oil and gas fields in southern Mexico.
The reservoirs under these fields are of the same age and the two areas have undergone a similar geological history. Many comparisons can therefore be made between the two areas as seismic and sub-service data suggest that the Chiapas southwestern geological trend extends into the Southern Peten (Chapayal) basin. The directors consider reservoir deposits Reefel such as are proven in Mexico have not yet been drilled in Guatemala and could be a valid exploration target in Guatemala.
The economy of Guatemala is growing and there is a strong demand and need for oil and gas energy. The recently elected Government is keen to promote inward investment in general and specifically from small entrepreneurial companies, such as Taghmen.

Licenses
The Company holds the exploration and production licence to the Las Casas 6-93 concession which allows for the exploration and development of the property covering a total of 323,000 acres in the Peten Basin.
The Licence was granted in October 1993 for a 25 year period.
The current 2004 work programme calls for the work over of the 2X well and the drilling of the 3X well, while that for 2005 requires the workover of the 1X well and the drilling of the 4X well.
The licence is issued as production sharing agreement with royalty based on the API of the crude and profit shares governed by the production levels.
A new licencing round is set to to take place in Guatemala in early 2005. The Company intends to bid in the next licencing round.
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

Just to add some more info now on Belize Block 19 as it is significant that TAG are working in this potential zone, and also working with USACapitalEnergy.


Firstly it was locked away by the Texan group when it came on offer. Belize Block 19 is on the same Reef Formation as the massive Mexican fields, and has the potential to deliver something significant if Mexico is anything to go by. Oil has been found in Belize, but mostly at the Spanish Lookout area (38API light sweet), and this is not on the reef formation, B19 is plum reef formation and the only well drilled before just missed the pay zones it now appears. Luckily for our Texan friends and TAG, it did miss ;) . The company they are working with is USA Capital Energy, this is where A7 and B19 licenses come from.

The image below shows the field on the Reef strip.



While we should not over estimate B19, its purely speculative, we also should not underestimate what could be a massive reservoir of oil and gas with a semblance to Mexico, so bear it in mind through 2006.

The link below is for the article which follows it;

http://www.gtlaw.com/pub/pr/2001/millerm01a.htm

Company Press Release
USCapital Energy Signs New Oil and Gas Exploration and Production-Sharing Agreement with Government of Belize
WASHINGTON, D.C. -- March 9, 2001 -- USCapital Energy Belize LTD. today announced the Government of Belize has awarded it exclusive oil and gas exploration and production rights in an area covering 900,000 on-shore acres in Southern Belize. The area, known as Block 19, contains the largest untested oil and gas prospects in Belize.
"Were excited about the prospect of discovering significant oil reserves in Belize using methods that have been successful in neighboring Guatemala and Mexico," said Brian E. Richter, president of USCapital Energy. "Helping the people of Belize become less dependent on foreign oil is an added benefit of this agreement."
Mark E. Miller, an attorney with the law firm Greenberg Traurig LLP who negotiated the contract on behalf of USCapital, added, "This is a win-win situation; the government gains access to world-wide expertise and capital to help it develop much needed natural resources and USCapital receives the exclusive right to explore in what it believes are the lowest risk, highest potential return areas of the country."
The contract is among the largest oil and gas contracts ever awarded by the government of Belize. Although Belize has no current oil and gas production, the government is hopeful that activities of USCapital and its partners will help establish production similar to that found in both Mexico and Guatemala.
USCapital Energy is a privately held, Texas-based company that owns oil and gas-producing properties in the mid-continent, Rocky Mountain and Gulf Coast of the United States. The company also holds and manages ownership interests in international exploration concessions in the Caribbean and Latin America.
For additional information, visit www.uscapitalenergy.com

squidd did you find any other information on B19 ?

Quiet day today, 30K buys and 27K sells, complete nothing of a day.

The weather has improved now at LC (better over the past few days) so all back to normal again.

Las Casas Weather link is below and now in the header, yes I am bored ;

http://www.fallingrain.com/world/GT/14/Las_Casas.html

Moving up today :)

....on no volume...what does that mean??

Could be some large T trade buys later to report ?

A good day, keeping a watch on trades Thursday and Friday will be key, if more and more buys come in and the price rises into the weekend, we could be expecting news next week.

PpP: I had thought that the excitement surrounding VOG and AEX might be influencing TAG but a glance at my watch list of 20 oil minnows suggests otherwise. I think people are becoming interested in TAG on its own merits and we shouldn't have too long to wait for news.
sd.

squidd agreed, and I do think news will be this week (but may be wrong)

Good news today, swabbing results are good and the well is to be commercial.

Once acid work is done and a pump installed, we should get some decent flow rates, and the oil is top grade !!

The markets didn`t seem to impressed were they expecting a higher flow rate ,i must admit i`m still not in this .
Oh nearly forgot good call on Oasis.
DB66

DB66 its just swabbing results and a note to say its commercial, we will not know real flow rates until acid work is done, and then pump installed. It could be very good, we just do not know yet, but we have 100 bopd just from swabbing, and that is API 40, the good stuff.

100 bopd just from swabbing is very impressive, and along with API40 makes it there is tremendous upside here, I think many people read it wrong, the figures are not final flow rates, just purely swabbing results, final flow rates will come later, but we know from the news it will be a commercial well, as they state it will be "econimical to produce". All is good.

PpP: It is my impression that TAG are also economical with the news and do not rush into print on a small pretext. Consequently, I feel that anything they say can be relied upon.

Agreed squidd, its all building up, but being released a little at a time, which goes with the small amount of free float, no concerns and adding, at some time in 06 this will explode.

PpP: I would like to top up myself, but no funds available. Perhaps TAG will delay any news until my CSB has peaked again to give me time to release profits.
sd.

My funds are nearly all allocated as well squidd. I am surprised more people are not excited by 100 bopd from just swabbing, and the fact that its API 40. Never mind, I will have a look again later in December to see what I can swap into TAG.

PpP: I think people would be more excited if they understood the implications of the finds. Any chance of an interpretation?
sd.

squidd in simple terms, they are pulling 100 bopd of top grade (API40) oil out through swabbing (like collecting liquid in buckets as a simple term). API40 will command a high sales price.

Now, they will do an acid treatment on the well (this in effect burns the porous holes larger) so that more oil can flow into the well, then they will install a pump and pump out the oil at whatever rate they can after acid treatment. It will be a good flow rate if after initial drilling they get 100 bopd just from swabbing.

Couple of posts from 64bit on afn;


64bit - 5 Dec'05 - 15:27 - 445 of 446

bit of license history..

The original owner and the remaining 50% participant in the licences is
Flamingo Energy Investment (BVI) Ltd. ("Flamingo"), which holds or
controls the two licence holding companies, Compania Petrolera del
Atlantico, SA and USCapital Energy Belize Ltd.

uscapital energy gets the license
http://www.gtlaw.com/pub/pr/2001/millerm01a.htm

passed to concessions international ltd. ..who advertise it with a bit
more info...
http://www.ciglobal.com/document.asp?DocumentID=109

e***n had a great deal of difficulty in the area back in the '70s.
difficulties that don't apply today.
note the text mentions recent local deforestation... dyor.


64bit - 5 Dec'05 - 15:45 - 446 of 446


seems to enjoy a higher profile - almost daily...
--
extracted from International Oil Letter, Vol 21 issue 48 published 2005-12-02
PetroLatina farms-in to Block 7-98 - Guatemala

PetroLatina continues to increase its presence in Guatemala by farming into a 50% stake in Cia Petrolera del Atlanticos (PetroAtlantic) Block 7-98 in the Amartique Sedimentary Basin extension of the Peten Basin of eastern Guatemala. The block adjoins to the south Block 19 in Belize. Both blocks were initially issued to PetroAtlantic in December 1998 but not officially gazetted until August 2001. Due to pressure from environmental groups, the blocks have since been in abeyance awaiting official revalidation by the government. Block 7-98 has been cleared to proceed with exploration while 6-98 is still awaiting clearance. PetroLatina hopes to resolve all outstanding issues by the end of 2005.
--