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
___________________________________________________________________

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
_________________

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

Papal - I'm onboard now with approx 10K. Looking forwards to the ride!!

May I ask what your personal targets are for TAG in the next 12-24 months?

DB66 I can understand the apprehension on UNG, March will be a better month for signals, Feb was always going to be volatile on UNG and a move down.

Aerotus, good to see you on board, I would conservatively say over 200p year end, good performance could be 300 to 400p in 12, 24 months, who knows, certainly a lot lot higher than where we are now :)

I am also on board wont let this one slip away. Managed to catch EKY at the right time lets hope we have a repeat performance. GOOD LUCK guys!!!

PP do you think this will do as well as EKY did last week??

xxxheroxxx over time now that funds are sorted, this one should deliver far more gains than EKY, I am hoping for over 200p by year end, maybe more from TAG. They have so much news to flow this year, that is the oil bull run continues this could seriously finish the year much much higher. They should release news very soon on new Colombia license deal and also commercial flow rates from well 3X. The present price takes no account of well 3X being a producing well.

PP I have done some in depth reading into TAG and it does seem there is a lot of potential. Hopefully some results and news flow will begin soon. No doubt you are right again looking as your recent track record.

Keep up the good work. CHEERS :)
I take it you are still on board with VOG, any ideas as to when results are due for Well 104!!!

I would take more from this, for the new A7-2005 license in Guatemala, TAG say approx 16 millions barrels recoverable, but the goverment say 45 million (lots of upside to come there) so when they say 90 million for Midas, that is a very low estimate and allows plenty of future upside too, I would imagine ;)



Taghmen Energy PLC
15 February 2006
TAGHMEN ENERGY Plc
Award of New Licence in Colombia

Taghmen Energy Plc ('Taghmen' or the 'Company'), an independent oil and gas
exploration, development and production company, focused on Latin America and
which listed on AIM in January 2005, is pleased to announce that the Colombian
National Hydrocarbons Agency ('ANH') has awarded the Company an exploration
licence, covering a block in the Middle Magdalena Valley Basin. The Company
believes the region is highly prospective and has identified leads that are
estimated to have the potential for recoverable reserves of up to 90 million
barrels from the licence.

ANH awarded seven additional exploration and production contracts at the same
time, including, amongst others, two to each of BHP Billiton and HOCOL (Maurel & Prom) and one to Occidental Petroleum Corp. This highlights the resurgent appeal of Colombia to the international oil and gas industry.

Summary of Licence
The licence in which Taghmen has obtained an interest is known as 'Midas' and it is situated in the Middle Magdalena Valley Basin, adjacent to producing fields.

Taghmen is the operator of the Midas licence and holds a 70% interest. It is
planned to shoot and reprocess approximately $1.5 million of 2D seismic late in
2006. Several leads have been identified which provide the potential for
recoverable reserves of up to 90 million barrels (63 million net to the
Company).

The initial work programme for Midas covers a six year time frame. It is
possible to relinquish a portion of the licence at the end of each year.

The licence will be governed by a newly updated ANH contract, which eliminates
the Colombian Government's 'right of back in' and reduces the level of taxation
from that which previously existed.

The Company now has 30 days to enter into the licence agreement for Midas and
establish the appropriate corporate structure for holding that licence.

Nicholas Gay, CEO of Taghmen Energy Plc commented:
'We are delighted to be awarded this asset in a highly prospective region, which complements our existing assets in Guatemala. Colombia offers tremendous
potential, and is becoming increasingly accessible to independents as it seeks
to encourage the search for new reserves, leading to highly attractive licence
terms.'
15th February 2006

For further information, please contact:

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

www.taghmenenergy.com
President & CEO

Spot on Papal ! i`m glad i topped up with a few more yesterday.
All i need now is UNG to come good and your on my Christmas Card list.
LOL
DB66

am i right in saying they havent actually found anything yet, but speculation is there should be good finds in the areas they have the licences to search?? any ideas when first results of testing should be in??? definatly interested but trying to clarify a few things. thanks

Doubled my holding today.

Also doubled my EME holding.

DB66, I honestly think UNG is a shake to get rid of a load of small holders, and therefore reduce the size of the shareholder list. Wait for end of this month, March, should motor upwards, I hope so !

Kivver, they have already drilled well 3X, its hit oil, the well had been acidized and pump installed, now we wait for flow test results. They are doing another 8 drills/workovers this year. The news today is a new license and expansion in Colombia, which will mean seismic late in 2006, and drilling there in 2007.

Todays news was known already (see the header above) the big news is 3X, that could push this way upwards. Expectation is 500bopd from 3X, that would be good, but a higher figure would give great upside.

cheers pp, looks like im going in.

MMs screwed me yesterday with my purchase. So I just bought another 5K.

I am making my first small investment in this company also - could be an interesting venture !

Baza

Kivver and Baza, its going to be a very interesting year, so much potential. To put it into perspective, EME has 38.5% share of Eagle North 1, being a well which after the present vertical drill is found ok, required horizontal drilling and may, if all successful, produce 1000bopd in around 6 to 8 months time.

TAG has drilled their first well, done all the work, have the infrastructure in place, and we all hope its going to be 500 to 1500bopd commercial flow, announced soon.

So, EME 38.5% share of 1000 = 385bopd, and TAG a load more than that we hope, so you see, with 8 more drills to come in 2006 and news on 3X pending, I think TAG represents an interesting play. Obviously EME has Glantal as well, but thats high risk stuff, and should have a large discount on it, TAG is all very low risk area's which have produced in the past (apart from Colombia now, but that will be 2007 drilling programme)

Just bought ANOTHER 5K, it just went through. Itchy fingers today, I wanted to buy more TMC but IG Index have reached their limit. A very bullish sign!

I wanted to top up with enough TAG before IG stop taking bets on that too! :)

Sounds good Aerotus :)

Just bought in, Majority buys this morning

"Taghmen is named after its founders children, nephews and nieces, it stands for Tess, Abby, Greg, Hannah, Mary, Emily and Nick."

That is so cute! :)

A couple of large trades today at 61.5 and 61.8p

Could these be delayed sells from yesterday which has been holding the price down? Once this overhang is cleared, we should move up steadily.

Just seen PVR and looks interesting, thinking about jumping on after the profit taking has finished. Does anybody have an opinion on this stock please, only been trading since October so keen on any advice from you kind pro's out there.