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

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.

All ok, an extra 55 million barrels of oil expected on top of previous estimates and 3X due for completion in the coming 2 weeks and then a side track of 1X so we should be in commercial production by year end from 2 wells. 3X should be anywhere around 2000 to 3500 bopd and 1X with a new sidetrack anywhere from 1500 to 2500 bopd in my opinion and based on past flow rate tests.



Taghmen Energy PLC
17 August 2005

TAGHMEN ENERGY Plc

Interim Results for the Eight Months Ended 30th June 2005

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, today announces its interim results for the eight months ended 30th June 2005.

HIGHLIGHTS

Wells 1X and 2X have been worked over. Well 1X has been producing at an
average of 100 barrels of fluid per day, of which approximately 70% is oil,
through swabbing operations.

Well 3X is currently at a depth of 6,657 feet with an expected total depth
of 8,500 feet.

In addition to the originally identified Las Casas and Huapac prospects on
the 6-93 licence, a further 9 leads have been identified with potential
total un-risked reserves estimated by the Company of approximately 55
million barrels of oil. It is planned to acquire 2D seismic over the 6-93
licence later in 2005 to define these more clearly and confirm possible
drilling locations.

Application made for a new licence, A7-2005 (Tortugas / Atzam), in
Guatemala.

With funds of just over US$6.50 million remaining at June 30th 2005, the
Company has prudently carried out its operational plans.

Nicholas Gay, Chief Executive Officer of Taghmen Energy commented:

'Today's maiden results, have demonstrated that Taghmen have been financially
prudent as well as shown operational progress in Guatemala.

We now look forward to continuing to progress with our existing operations and
new leads in Guatemala whilst identifying new opportunities in the Latin America region.'

squidd some very interesting bits;

"Should the Company be successful in its application of licence 7-2005 (Tortugas/
Atzam) it plans an extremely active work programme.

This is an ambitious plan but reflects our desire to exploit what we believe to
be the high potential of these licences. This will however require the raising
of additional capital."


"Taghmen are pleased to announce that the Company was able to establish and
negotiate a US$50 million banking facility with a major European Bank linked to
a proposed acquisition. Although the acquisition was unsuccessful due to the
vendor deciding not to proceed the Company believes that a similar facility will be available should an appropriate opportunity be identified."

PpP: I know it's early days, but I find this interim report somewhat dull and I wonder whether they had hoped for more progress by this stage. Of course everything could be transformed when they complete drilling 3X, but we have to be prepared for the occasional disappointment and be patient, which is what the market seems to have concluded.
Meanwhile I'm also dipping into AEX - uncharted territory.
sd.

squidd I like the detail and clarity from the report, very professional and beyond what they could have just said. Everything will change here once they mention "commercial production" and that is not that far away now.

From 26 million barrels estimate on listing to now an additional estimated 55 million on top of the 26.

For them to be able to get a 50 million facility from a European bank then they must be able to present some very persuasive documents on potential and estimates !

PpP: There's no doubt that N.G. is a highly regarded professional with all the right contacts, and able to raise funds and get things done. I don.t think there's much downside risk, but is there a hint that they might want to raise funds from shareholders via a rights issue.
Speaking of professionalism, I wish some of my bombed out recovery stocks enjoyed the headers you are producing. I'm just digesting the new one, the KIB proposition.