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

Another big push could come when we get news on the actual flows and types.
Good sign for Nick Gay to say "exceptionally promising" and "material revenue stream" points to more good news to come. He is not one to over state potential in my opinion.

Settled around the 71.5p to buy level at the moment. I hope Nick Gay can get it producing the cash flow this year !

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.

PpP: Very welcome news from TAG that helped to relieve the pain of EVS, which I still hold after it crashed through my stop loss.
My first inclination was to sell TAG into the rise but on reflection decided that it could so easily gather momentum and I should really be thinking of building a bigger stake (one in AEX has paid off very well, and oils look likely to continue to prosper).
I'm sure you know that PetroK was bought by the Chinese at an inflated price and this must reflect some credit on Nick G. There's good reason to suppose that he could build up TAG in the same way so I'll be in for the long haul.
sd.

squidd I am still holding EVS and looking forward to getting a clear picture with results.

The wording from Nick Gay, being very positive, eased an easy decision which for me was not to be tempted to sell but keep holding as an decent levels of bopd from 3X would make the present market cap low, and not forgetting the sidetrack to be done soon on 1X meaning by year end both 3X and 1X could be flowing.

LINK

Smaller companies report: Monday close
This is Money
26 September 2005

SHARES in smaller companies saw gains today, with oil and gas explorer Taghmen Energy surging in value following a bullish drilling update. The FTSE small cap index closed up 7.7 points at 3138.4. Taghmen Energy was one of the top small cap risers, up 18p at 70p having hit a peak of 81 earlier, after saying its well 3X, currently being drilled on the Las Casas structure in Guatemala, has encountered hydrocarbons.
The company said the oil seen so far appears to be of a high quality. Taghmen president and CEO Nicholas Gay described the drilling results as 'exceptionally promising' and and said they could lead to early production this year giving Taghmen a material revenue stream at a time of high oil prices.

This link below is a good read about the potential of Las Casas, 1X and 2X were not only badly drilled but also now is found lacked decent casing and were generally just a very poor piece of work done years ago.

If 3X produces what 1X and 2X did when they were drilled many years ago then things will look up.

The comment on the sidetrack of 1X in the interims also shows they have big hopes that it will pay off on 1X (and the sidetrack will start the moment they finish at final depth on 3X)

Infrastrucure is in place for good flow rates already at Las Casas so that is not a major concern.

http://www.costaricabusinessclub.com/187/english/news.html

Updated header with present planned works programme.

Simon Cawkwell just gone long on TAG I am told after being told this one is the "bees knees" by his man in the know.

PP

Whats the short term\long term sp on this in your view?

Yup Evils gone long at 73p and thinks hes onto a winner here. Very interesting and Im tempted to join you. Just need to get a bit more from Evil.

cheers GF.

PpP: Someone appreciates your new header, so thanks for that. Even if we don't make money, we can at least enjoy the read. But the're all a gamble and this one is as good as any other; we have top quality professional management, strong backing from the institutions and an insatiable demand for the oil if they find any. Oh, and GF looks like coming aboard, which can't be bad. I'm purging my portfolio of all the no-hopers and now piling into TAG with the proceeds. Here's hoping.
sd.

m0dulus no targets but think it will keep growing and growing in time. They plan to become the biggest Oil company in South America, and I do not doubt their ambition or ability and have utmost respect for Nick Gay, he is very honest and when he says things like "having great hopes" or "exceptionally promising" there is no need for any pinches of salt with it in my opinion.

GF please let us know if you have some more details !

squidd very true they are all a gamble, I think this one has a seriously lower risk level though so happy to hold and add.

Solid buying all morning, anyone got any ideas on the 35K T trade at 80.71 ?

squidd our times of postings cross so one to keep in your watchlist for tomorrow morning is BSP. Their interims are due tomorrow and we may get news on the sale of assets (in particular Geosim is the most interesting one people want to know about but also ACR). Just a watch and see what comes out from their results.

The level of buys coming in on TAG in recent days should mean it will not be too long before the price moves up if the buys keep coming in and the MM's holdings decrease.

PpP: Had a look at BSP & ACR, both intersting in different ways but not I think in the same risk/reward league as say TAG or ULT, so I won't be nibbling there.
With some absences from home in prospect in coming weeks, I'm reducing my range to those I think can be left to themselves, hence adding to TAG; mine was the 14,096 purchase this morning and clearly in good company.
sd.

27/07 3X was at 6100 feet
17/08 3X was at 6657 feet (26.5 feet per day avg (rig servicing done))
26/09 3X was at 8699 feet (51.05 feet per day avg)

Target 9200 feet (or until hydrocarbons cease (deeper the better for wider pay zone)

Should be at 9200 feet around 7th October so I would guess at confirmation of commercial and flow rate mid to late October and into commercial (hope) production November.

Latest next news should come would be early November I think.

A google translation but just to confirm that for the new A7 area Taghmen (Petrolatina) plan to invest 22 million dollars with 31.5% of production given to the government.


http://monedagt.terra.com/moneda/noticias/mnd23004.htm

MINISTRY OF ENERGIA And MINES ADJUDGES AREA FOR OIL OPERATION

The last week, the Ministry of Energy and Mines of Guatemala adjudged two areas of oil operation after a licitation process in which six companies participated.

With respect to the two companies benefitted with the awarding, the ministry expressed through a press official notice that "determined that the proposals of both organizations represented the best conditions for the State of Guatemala".
According to it was explained, the companies participated at the end of July in a licitation for the renovation of a contract of oil operation and another one more for the petroleum extraction in an area nondeveloped still.
For the first zone, call A6 field, company KLP, HQ in France, it was committed to invest about 72 million dollars and accepted to give to Guatemala a 35% of the production. The calculations of the Ministry of Energy and Mines consider that the field A6 KLP will report benefits of between 60 and 90 million dollars for Guatemala in 3 years.
The other company, Petrolatina, HQ in England, will invest 22 million dollars and offered to give the 31,5% of the production. The ministry calculates that the area will be able to produce about 45 million barrels.

New September 2005 investor presentation link below (MS Powerpoint file);

http://www.taghmenenergy.com/documents/taghmen_09_05.pps

Added in the workplan charts above so its easier to see their plans and timings.

100K Cross trade at mid price to start the day, so someone big is buying.