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
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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
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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

.

Company Webcast, well worth watching (best with broadband of course due to large size)

http://www.mclwebcasts.com/Taghmen/Mining%20Comms_files/intro.htm

On line limits suggest the overhang is now clear, which is a good sign of course.

We might get sometime this month news on the 1XA drill, which should reach TD mid month, so a good chance of an update sometime in July.

From a poster on AFN ;

Morning - early limits are

Buy 2.5k @ 29.78
Sell 25k @ 28.5p

Taghmen Energy plc ('Taghmen' or the 'Company') 6th July 2006

Director's Dealing

The Company was informed today that John ('Jay') M. Scott, a director of the
Company, purchased 50,000 ordinary shares in Taghmen at a price of 30 pence per
ordinary share. Following this transaction, Mr Scott owns 800,000 ordinary
shares in the Company, representing 0.96% of the issued ordinary share capital.

This is still going nowhere, except the trend is down.

The board believe in their company, so do i long term. Topped my shed up today.

From a poster on AFN :

Limits like yesterday:

Buy 3.75k @ 31.87
Sell 25k @ 30.5

The oil-barrel presentation link below. Nothing new really thats not already known, however the Guatemala cash flow page is nice confirmation of figures.

http://www.oil-barrel.com/conference/july/taghmen.pdf

http://www.oilbarrel.com/feature/article.html?body=1&key=oilbarrel_features_en:1152287598&feed=oilbarrel_en

07/07/06

Taghmen Energy is another company seeking to make its fortune in South America. Like Black Rock, the company holds assets in Colombia; unlike Black Rock it has gone down the M&A route - buying Petroleos del Norte (PDN) for US$32 million in April - to bring it to maiden production. Current production is running at 500 bpd from the Santa Lucia, Los Angeles and Dona Maria heavy oilfields.

The PDN acquisition also brought the possibility of exploration upside plus ownership of the 183 km, 25,000 bpd-capacity Rio Zulia-Ayacucho pipeline. This is a valuable asset: last year it not only generated US$1 million in tariff fees on the 2,000 bpd running through the near-empty line but it also offers hidden value as a lever for Taghmen to gain equity in other fields in the area.

On the exploration front, Taghmen holds the La Paloma and Midas exploration blocks in Colombia. Here the initial work programmes add up to seismic acquisition and reprocessing at a cost of US$2.5 million. The company believes the Midas block is home to leads with the potential to hold 90 million barrels with La Paloma possibly holding another 20 million.

Exploration is also the name of the game in Guatemala. However, as chief executive Nicholas Gay, who gamely made the presentation despite a recent eye operation, explained to delegates, exploring in Guatemala is not for the faint-hearted.

This is a very unexplored area, said Gay. It sits over the juncture of four tectonic plates so it is a tremendously fractured and tremendously difficult area.

Nicholas Gay outlines his companys plans in Columbia and Guatemala

There have been billion-barrel plus finds in the country but Taghmen is chasing structures with a potential resource size of between 5 and 20 million barrels. It holds two licences here, Tortugas and Las Casas.

Drilling at Las Casas, a potential 17 million barrel deposit, has confirmed this is a difficult area in which to operate but has also proven the existence of producible oil. The company is currently sidetracking the Las Casas-3 well, to be followed by a well on the Huapac structure, which could hold a further 3 million barrels of recoverable oil.

If all goes according to plan - and Taghmens technical people reckon they have a handle on how to drill through these highly fractured subsurface rocks if they can only source the right equipment - then the Las Casas field could produce 250 bpd per well and Huapac some 300 bpd per well.

The Tortugas licence has seen 13 wells drilled in the past, of which eight encountered hydrocarbons. Taghmen plans three well workovers, followed by three new wells at the back end of the year. These wells could produce some 200 bpd and, taking the three projects together, could see Taghmen pumping some 1,750 bpd as a result of the 2006 work programme.

To view Taghmen's presentation click HERE

Full article on link (12/07/07) : http://tinyurl.com/n6uwu


.................Seymour Pierce says buy Taghmen Energy (LSE: TAG.L - news) (52p target) and Adventis Group (LSE: ATG.L - news). The broker has outperform on Avocet Mining and GUS and says hold Burberry and Sopheon (LSE: SPE.L - news)........................ .