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: Must be about time to gamble on this one with the sp drifting downhill on no volume. Think I'll dip a toe in
sd.

squidd the 19th July has passed so the bids should have been submitted for A6 and A7. It is my opinion that TAG did not want to release any updates on the companies position prior to the bid so that it puts them into the best possible position for the bid process with nobody knowing how well they are doing.

News will now come any time within the next 6 weeks and the oil is already flowing in my opinion. We will be updated shortly I believe and then its time to fly.

PpP: Took a small punt on this one yesterday - mine was the 2K buy @57p reported as a sell. A tiny gamble compared to that taken by Nick Gay and his backers so I expect to add in due course.
On my watch list of oil minnows TAG is very much the laggard and my buy accounted for nearly half of yesterday's trades. With so few shares in circulation I imagine any movement will play havoc with the OBV in relation to the sp. We'll see.
sd.

Taghmen Energy PLC
26 July 2005
TAGHMEN ENERGY Plc

JULY OPERATIONS UPDATE

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, is pleased to provide the following operational update.

Over the last few months, the Company has continued its planned operations in
Guatemala. These are now starting to bear positive results.

The initial work-over of wells 1X and 2X on licence 6-93 have been completed.

Well 1X

Well 1X has encountered hydrocarbons and is currently being 'swabbed' to produce varying quantities of oil and gas, ranging from 5% to 90% of the liquid flow with a daily average of approximately 35% to 40%. Gas production to date is too small to measure but is constantly present. Initial tests have confirmed that the oil has an API of approximately 38o, while the gas is sour. The well was originally drilled in 1981 and was re-perforated and tested in the 1990's. The damage to casing and the apparent lack of cement behind casing, prohibits a full test. Planning is currently under way to re-drill the well to the north, using the top section of the existing hole and sidetracking above the damage ('the side-track'). Initial discussions with the Guatemalan Ministry of Energy and Mines ('the Ministry') indicate that the side track is likely to be acceptable as the second 2005 commitment well on licence 6-93. Assuming no unforeseen delays, the side track will take place following the completion of the drilling of well 3X.

Well 2X

Well 2X has been suspended following its work-over. The well did not flow and
appears to have a severely damaged well bore. New perforations indicated
extensive formation damage with no measurable oil inflow. The well is currently
being evaluated to assess if production can be stimulated by acidisation or,
failing this, re-completed as a field water disposal well.

Well 3X

Well 3X is currently being drilled. The well has reached a depth of
approximately 6,100 ft with a target depth of 8,500 ft and has reached the
intermediary casing point at the top of the Coban 'B'. Barring unexpected delays the well should reach target depth within three weeks.

Reserves Estimates

At the time of listing the Company, the potential reserves at Las Casas were
estimated to be approximately 26 million barrels, with a further 3 million
barrels located on the Huapac structure. In addition to these, the Company has
identified a further nine leads on the licence, seven of which are estimated to
contain potential reserves of between 2 and 5 million barrels each and the
remaining two between 3 and 10 million barrels each. A seismic programme is
planned to provide further definition.

Licencing Round

The Licencing round in Guatemala has taken place with bids having been submitted on 19th July. The results of this are unknown though discussions with the Ministry indicate that an announcement will be made within the next week. The Company made one application for licence area A7-2005 (Tortugas-Atzam), which it estimates to have between 5 and 16 million barrels of recoverable reserves.

Notification of Interim Results 2005

The Company plans to issue its interim financial results on Wednesday 17th
August

Taghmen continues to evaluate a number of opportunities for exploration and
development within Latin America.

Nicholas Gay, Chief Executive of Taghmen Energy commented:

'Today's announcement highlights the progress the Company has made since listing on AIM. The operations at well 1X are extremely encouraging and we have high hopes for well 3X.

Starting things from scratch is inevitably more time consuming than is
originally thought and in our case there has been no exception. We are extremely grateful for the continued support and patience of our shareholders.'

26th July 2005

For further information, please contact:
Taghmen Energy Nicholas Gay,

PpP: Thanks for posting the latest news from TAG which sounds cautiously encouraging.
Have noted the 232M volume over at oil minnow FAO yesterday; the effect this sort of activity would have on the sp for TAG scarcely bares thinking about.
sd.

squidd it is good news, especially that they have more than the 26 million barrels the float was based on. A 25K buy just gone through and this will now over 12 to 24 months build strongly.

More news soon on 3X completion, A7 bid and also results.

squidd having looked into it more I can only see more positive upside. We will get news on A7 within 10 days or so and if they get awarded A7 this will change things quite dramtically for TAG as will high flow rates from 3X due around results time or high flow rates from 1X which should be in a few months time after the sidetrack.

Give it two or three more news releases and this will become in demand and will fly due to the limited amount of stock on the market.

PpP: So, some news after a 4 month silence stops the drift and prompts the first ever sp rise since launch.
I noted that RAB, for whom I have high regard, have just sold their holding in oil minnow FAO but remain deeply committed to TAG. Additionally, CSB whom I also regard highly, have just forged a partnership with Meridian and so I think are indirectly invested in TAG.
With its huge appeal to my gambling instincts, this is my next top-up whilst things remain quiet.
sd.

squidd agreed but I do not think it will remain quiet much longer when we get the news of them winning (in my opinion) the A7 bid which should be known by next week or 10 days maximum.

PpP: Have bought 5K TAG @ 59p, which is showing.
Also bought 50K of APH which is not showing yet. Maybe it'll lift the price.
sd.

All good there squidd and VLK is moving up on every buy going through. I might be putting a new company up as a PP thread soon, one which should target 100% gains minimum in a matter of months in my opinion I have been watching it for so long and now its about time to get revalued. I will add into TAG next week is the plan and APH a little later now if I get into my new one but I am tempted to top up again on VLK but KUJ is due for results soon ahhhhhhhh if only I had loads more spare cash :)

squidd we should get the positive news on A7 bid this week.

PpP: Most of the other oil minnows seem to be leaping about, but not TAG yet.
Have decided to add whilst all is calm. And now off to Cowes Week in case ideas are needed on how to spend it.
sd.

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


From what I hear TAG will be awarded A7. Expect news very soon.


Block A7 has two structures, Atzam and Tortugas, which were in production until early 1984. Estimated proven reserves on that block are calculated at 54.1Mb. Reserves estimates will only be confirmed when seismic's are done.

Typo in article corrected as Petrolatina is the new name for Mexpetrol who TAG purchased and Petrolatina is now a subsidiary of Taghmen Energy.

Six Submit Offers for Blocks A6, A7 in Guatemala

Guatemala's energy and mines ministry received a total of six bids for 25-year exploration and production contracts for blocks A6 and A7 on July 19, a source close to the project told BNamericas.

Five bidders submitted offers for the 46.9ha block A6 and one bidder proposal for the 34ha block A7. Both blocks are in Alta Verapaz department and make up the ministry's 2005 oil exploration and production bid round. Related Products

The bidders for the block A6 contract are: European oil company Perenco; Texas based Arbol Resources, a subsidiary of Open Choke Energy; the Nicaragua-Colombia-Trinidad (NCT) consortium; the Venezuela-Ecuador-Trinidad-Roma-America (Vetra) consortium; and KLP Industries of France.

UK company PetroLatina, a subsidiary of TAGHMEN Energy, was the sole bidder for block A7. At present PetroLatina operates Las Casas field in Guatemala near block A6, the source said.

The ministry plans to take about 30 working days to evaluate the bids and make recommendations on the winner. However, the contract of the current operator of block A6, which is held by European oil company Perenco, expires on August 13.

Therefore, the ministry is looking to award a 3-6 month service contract to maintain operations on the field until the new operator takes charge, the source said. Perenco is also applying for this process.

THE BLOCKS

Block A6 is made up of four fields currently producing about 1,300 barrels a day (b/d) of oil plus three new undeveloped structures, La Felicidad, Las Mercedes and El Cedro.

Estimated proven remaining reserves are in the range of 50 million barrels (Mb) of API 21-28 oil and total reserves are estimated at about 100Mb.

Perenco exports all crude produced on block A6 to BP's refinery in Houston.

Block A7 has two structures, Atzam and Tortugas, which were in production until early 1984. Estimated proven reserves on that block are calculated at 54.1Mb.

http://www.rigzone.com/news/article.asp?a_id=23972

The A7-2005 has 84,778 acres and two anticlinal structures where 10 wells had been drilled in the Tortugas structure. The first producing well, Tortugas 63-4 yielded in an initial test 1200 BOPD of 34 API crude. Two wells were also drilled in the Atzam structure and the well Atzam-2 produced in an initial test 1200 BOPD of 38 API. The total estimated remaining proven reserves for the entire era is in excess of sixty million barrels.

http://www.buyusainfo.net/docs/x_5731079.pdf

PpP: From your news postings, with TAG the sole bidder, it appears a near certainty they will be awarded the licence for block A7. Is there also some prospect, that since they are already operating close to A6, in activities that will doubtless continue, they may be involved there also.
Whilst all remains quiet, I am adding to TAG and am also having a nibble at AEX, where things are not so quiet.
sd.

squidd its my opinion that TAG know the potential but they do not wish to pay over the going rate. A6 is in production and therefore the price is based on known and in production fields. TAG is after the ones they know will produce, but presently have no confirmed reserve levels or flowing wells. As you see from Las Casas they listed saying 26M potential and now say over 50M potential. On A7 they say 16M potential the government say over 60M potential, their bid will be priced for 16M potential, but then after seismics if they win A7, I wonder what the actual potential will be once the seismic work is done ?

Given that A7 is west of Las Casas and that the next one to be bid for is A9 and this is west of A7, if TAG have A7 with a routing in place it makes them favourite to win the A9 bid later this year. A9 is key as this should have big reserves and high flow rates.

Area 9-2003 (Piedras Blancas)
Piedras Blancas is the geologic extension of the Sierra Lacandon trend extending southeast from Mexico. The Sierra Lacandon trend contains numerous discoveries such as the Nazareth and Lacandon fields. High initial flow rates from wells often exceeded 2,000 bopd.

squidd should be getting news on Wednesday as its results time, but the interest is progress on well 3X (and also the bid).

squidd results day later today so we will get some more updates on 1X and 3X.

1X I am hoping that the government allows them to sidetrack and to call this one drill from the Petrolatina (Mexpetrol) requirement of three in 2005.

3X Should be nearly at full drill depth so updates here very interesting.

If these two go well then we could be looking at anywhere between 1500 and 6000 bopd soon.