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

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.
--

PpP: Thanks for explaining the details of their recent news and I'm sure all those who read but do not post feel the same.

Major shareholder details updated and should be correct now as of today.

Added a glossary of oil and gas terminology link above in the header for newbies, (yes I am bored)

A write up 9th Dec 05 at www.oilbarrel.com

Link to article

For any newbies, apart from the link above, the present process TAG are peforming is to acidize the well, to increase its ability to flow oil into the well bore from which the pump will take oil to the surface from. In simplest format its like opening the holes on a watering can from 3mm diameter to 10mm diameter say, the more you open the holes, then the higher the flow that is allowed.

"acidize" is to treat oil-bearing limestone or other formations with acid for the purpose of increasing production. Hydrochloric or other acid is injected into the formation under pressure. The acid etches the rock, enlarging the pore spaces and passages through which the reservoir fluids flow. The acid is held under pressure for a period of time and then pumped out, after which the well is swabbed and put back into production. Chemical inhibitors combined with the acid prevent corrosion of the pipe.


Pumps, there are many types of pumps, the most well known are the "nodding donkey" type, as seen in plenty of photo's from the US oil fields.

In recovery of oil from oil wells, pumps are used to draw crude oil from the well bore to the surface well head. The crude oil extracted generally consists of a combination of oil, natural gas, grit, wax and water. The pumps generally comprise two types, namely, continuous flow or on-off pumps, and are powered by either electrical or natural gas motors. Upon emerging at the well head, the crude oil is passed via a pipe to separation tanks where the oil is removed from the mixture extracted from the well bore. The oil may also be temporarily stored in the separation tanks.

The maximum obtainable production rate for a well depends on the rate of migration of crude oil from its geological formation to the well bore. The well bore is unique in having both an inflow and an outflow. The inflow represents the quantity of crude oil that a local formation can deliver to the well bore, whereas the outflow (or rate capacity) represents the quantity of crude oil that can be delivered to the surface (or well head).

This is why the well is being acidized, it is to give the optimum flow rate possible before the installation of the pump. We will only get final confirmed flow rates once the pump is installed, but all pointers are good !!

Sept dated workplans removed and will wait for the new ones to be issued with the updated work plan for 2006.

My estimation will be Jan news on 3X and late Feb news on 1X.

The price has dipped a bit today Papal ,i think this is the time to use my emergency funds you should notice my little buy in a few minutes.

DB66

It has slipped a bit, a good top up chance. ACHL has moved up nicely for me to compensate a little drop on TAG

A new thread for TAG for a new year.

http://www.moneyam.com/InvestorsRoom/posts.php?tid=9206#lastread