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 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.

Good news squidd

Link


UK Firm Taghmen Energy Wins Guatemalan Block A7
Fri, Aug 26, 2005 20:27 GMT


GUATEMALA CITY - Guatemala's energy and mines ministry has awarded a 25-year exploration and production contract for block A7 in Alta Verapaz department to UK oil firm Taghmen Energy's local subsidiary PetroLatina, an industry source told BNamericas.

PetroLatina was the sole bidder for the 34ha block that was part of the ministry's 2005 oil E&P bid round.

PetroLatina operates the Las Casas field in Guatemala's Peten basin, which is about 97km from block A7. The license was granted in 1993.

Estimated proven reserves on block A7 are calculated at 54.1 million barrels (Mb).

Taghmen Energy, which listed on London's AIM market in January 2005, is focused on oil and gas exploration in Latin America.

"As a result of a number of positive changes in the political and economic environment in Latin America, the directors believe that opportunities now exist for small entrepreneurial companies to enter these markets and seek to develop oil and gas prospects," according to Taghmen's website.

"It is the company's initial intention to identify projects within three or four countries in Latin America capable of meeting the board's technical and economic criteria," Taghmen said.

PpP: Thanks for the update - good news from TAG, things going to plan.

I looked at BOI early in the year when the director buys were flagged, but felt these were of little significance. Additionally, couldn't understand why they weren't leading the charge against MRSA and the superbugs with more conviction, and so decided to give them a miss.

Now, with oil prices overshadowing health problems, I feel that a top-up in TAG is a better home for funds.

sd.

squidd the exciting news is still to come, and likely why the company have not yet gave official notice of the bid win. Well 3X should have been complete around the 27th August, they may be taking initial flow rates to give us all something to cheer about when they announce the well completion.

squidd as we know they obtained a 50 million facility for a takeover that did not happen, do you think they tried to go for Chaco ? It would fit in to the South American lead oil role for Taghmen's plans.

PpP: I had a look at Chaco some years ago when they were Gold Mines of Sardinia and decided it would be a good company to work for, but not to invest in: - juicy EU hand-outs, nice lifestyle for directors but little for shareholders.
My gut feeling now is that it's too speculative, too expensive and too far away, but I really don't know and Nick G. might see it differently.
By the way, I'm piling into AEX at the moment, take a look.

squidd we should get news on 3X this week or next from TAG.

I am getting into EVS, will put a post on the EVS thread later to say why, I see it as very strong and a very good bagger opportunity, the selling out was just fear on what I see as a very positive trading statement.

We have news and still wait for 3X news.

Taghmen Energy PLC
19 September 2005

TAGHMEN ENERGY Plc
New Licence Awarded

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 announce that it has been notified
by the Guatemala Government that it has been awarded Licence 7-2005 (Tortugas/
Atzam) in the recent licencing round. The Company now has 30 days to negotiate
and settle the terms of the licence and its formal work programme.

Licence A7-2005 (Tortugas/Atzam)

Licence A7-2005 (Tortugas/Atzam) is a 25 year contract consisting of a 6 year
exploration licence convertible to an exploitation licence at Taghmen's option,
with an aerial extent of approximately 77,718 acres, located in the
north-western corner of Guatemala in the department of Alta Vera Paz. The area
is approximately 20 kilometres west of the Rubelsanto field discovered by
Hispanoil in the early 1970's, in which in excess of 30 million barrels have
been recovered. Tortugas is accessible by road and is 375 kilometres from
Guatemala City. By air, the closest serviceable airstrip is at Rubelsanto. The
company is evaluating the possibility of re-opening an abandoned 3,000 foot
airstrip at the base of the Tortugas dome.

The licence has two areas of interest. The first is around the Tortugas salt
dome and the second is an area to the south of the licence, known as Atzam. The
original exploration of the region was for sulphur, specifically in the Tortugas
area. However, every well drilled on the flanks of the salt dome contained live
oil shows. Three of the wells drilled on the north flank of the salt dome
flowed 28-32degrees oil from the top of the Coban C 17 from depths of 1300 feet
to 1800 feet.

Once oil was discovered, 13 wells were drilled on the area now covered by the
licence. Eight of these were on the Tortugas structure, one on the Atzam
structure and four elsewhere on the licence. The Tortugas and Atzam wells
encountered hydrocarbons, and initial indications are that this has an API of
35o.

Based on the review of available data the Company estimates that the possible
reserves on the licence to be in the region of 5 to 16 million barrels of oil.


Planned work Programme

With regard to Licence A7-2005, we plan to

- Complete the required environmental study over the next three months
- Complete the necessary infrastructure to allow ready access to the areas of
interest
- Work over wells Atzam 2, Tortugas 4 and 5 from late in the fourth quarter
of 2005 and the first half of 2006
- Shoot 150 km2 of 3D seismic and 50 km of 2D seismic over the licence, and
- Commence a four well drilling programme over Tortugas/Atzam from early
2006.

The proposed work programme is expected to cost approximately $10 to $15
million in the first three years..

Nicholas Gay, President and CEO of Taghmen Energy Plc:
'We are delighted to announce this new licence award of Tortugas. It has been an
area which we targeted for sometime and believe it will add further value to the
Company's assets in Guatemala,'

PapalPower

Do you know when the interims or finals are due,? I cant find anything on MAM research page
Many thanks

Giggin

Giggin the interims were 17th of August, link below.

Link

PapalPower
Many Thanks
Giggin

Could be news this week according to a post on AFN with info from the Mail on Sunday.

dunnIE - 25 Sep'05 - 08:51 - 71 of 72

Taghmen Energy will tomorrow announce the discovery of oil & gas at a well in Gautemala according to a article in today's Mail on Sunday,RAB Capital hold 16.16% between the Special Situations Fund and the Energy Fund,it can't be long before the share price takes off again.

squidd, other people saying the same so we might be in for an interesting week. The interest will be in flow rates over 500 bopd (as 500 bopd was the target for 3X) and the mention of gas as well !

If we get the news 3X is finished then the rig should be moving over to 1X for the sidetrack of that one so more news will follow in a few months, and 1X should duplicate similar flows to 3X, but we all hope better of course.

Taghmen Energy PLC
26 September 2005

TAGHMEN ENERGY Plc
Las Casas-Well 3X Initial Exploration Result

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 that its well 3X, currently being
drilled on its licence 6-93, has encountered hydrocarbons.

Well 3X

The 3X well is the first new exploration well drilled on the Las Casas structure within Licence 6-93 in Guatemala, since Taghmen acquired the licence.

Following initial gas shows at 7,800 feet and oil staining appearing at 8,270
feet, material levels of hydrocarbons occurred at 8,497 feet. This was
accompanied by a drilling break and a controlled gas kick with oil shows at
surface. A second major drilling break and controlled gas kick resulted in a gas and oil inflow with measurable oil entrained within the mud system and pooling in the mud tanks. The well is currently at 8,699 feet.

Original expectations were that the well would TD at 8,500 feet. Current plans
are to drill to approximately 9,200 feet or until the well ceases to encounter
hydrocarbons. The oil seen so far appears to be of a high quality. As with other fields in Guatemala, H2S is present.

A review of existing older wells in this area has indicated major formation
damage in these wells and, as a result, Taghmen is using a balanced drilling
technique to ensure minimum losses to the pay zone, where possible.

Following the cessation of drilling, the well will be logged and tested to
confirm commerciality. On confirmation of commerciality the Group estimates
first production could come on stream within a matter of weeks given that
storage facilities and pipeline access and trucking facilities are already
established at the Las Casas area.

On completion of the 3X well, the Company plans to sidetrack the IX well,
following encouraging results from the work-over of the well earlier this year.

On 19 September, Taghmen announced it had been awarded a 25 year contract on
Licence A7-2005 covering the Tortugas/Atzam Block in Guatemala.

Nicholas Gay, President and CEO of Taghmen Energy Plc:

'These results are exceptionally promising and could lead to early production
this year giving Taghmen a material revenue stream at a time of high oil prices.

With the imminent side track of the IX well, combined with our planned seismic
programme aimed at confirming additional drillable prospects, we are confident
our exploration programme on the Las Casas Licence will lead to further
success.'

Greg Smith, Executive Chairman of Taghmen Energy Plc commented:

'This discovery highlights the Group's rationale in choosing Guatemala as its
initial location within Latin America to build a material oil and gas business
through exploration and exploitation given Guatemala is a highly prospective oil and gas region which has been under explored to date.'

26 September 2005

For further information, please contact:

Taghmen Energy Nicholas Gay,
Nicholasgay@taghmenenergy.com
+44(0)2072974360

www.taghmenenergy.com

squidd we are on a flyer so far today !