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

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.

PpP: I had expected the price to drift as previously, until the news of the 3x completion in early November, and if so, thought of adding to my holding. But I can't make sense of the sp gyrations and wonder if this reflects a stock shortage. Any thoughts ?

squidd yes I think with such a shortage of stock the gyrations will happen when the MM's think they can do it and pick up more sells than buys.

50K buy today so will have to watch for any more buys coming in now, could mean the big news is coming very soon.

PpP: Possibly someone like me, just sold a pile of AEX, which I thought had gone too far, too fast and looking for a new home for proceeds. But I'm more inclined towards CSB at the moment, though I could be persuaded if you have any news.

squidd no new news, but yesterday a 50K buy, followed by a 100K Broker to Broker buy (then a 100K rollover) and we are due news, so taking a guess I would say next week latest for news on 3X then.

PpP
I have worked out why you talk to yourself on these threads..clever!

c

I am in 15th place on Champion Investor at the moment (PP2005) but this is not holding any stocks I hold in real life, thats funny I think, and worth talking to myself about coeliac1

squidd, TAG on the move today, does suggest news pending this week or next.

PpP: Congrats on the success with BSP; a just reward for your detailed research I think. I wasn't aboard, but I appreciate your alert to its potential a while back.

Meanwhile, believing that AEX had gone too far, too fast, I took profits and have been piling into CSB & TAG; mine was the 28,904 buy this afternoon @ 69p and I had to haggle for that. That brings my holding to 50K, which I think equals over 1% of the floating shares in TAG. So looking forward to some news.

squidd BSP was good and recovered from a certain previous disaster and some more on top, so very happy with that.

TAG the buying volume is rising, some large buys again yesterday so the expectation for me is news next week (very latest should be w/e 11th Nov) but next week would be better for me anyway.

For info Simon Cawkwell met up with the man behind TAG last week (did not say which one) and was very impressed, so he is still long and expecting good things.

Taghmen Energy PLC
28 October 2005
TAGHMEN ENERGY Plc

www.taghmenenergy.com
PLACEMENT OF SHARES

Taghmen Energy Plc ('Taghmen' or the 'Company') an independent oil and gas
exploration, development and production company, focussed on Latin America, has
raised US$2million through a placement of 2,167,082 new ordinary 10c shares.
The commitment from Fidelity, an existing shareholder, was made 2 weeks ago and
closed on October 25th at 52pence per share

The sale of shares will be used to support the Company's working capital
requirements including the acceleration of the testing work on Las Casas Well
3X, initiate seismic on licenses 6-93 (Las Casas) and A7-2005 (Tortugas / Atzam)
in Guatemala and continuing operations at Las Casas.

28th October 2005

Good news in my book, small amount of money relative to the work to be done, accelerating work on 3X (means its good in my books and commercial) and looks like they expect to make considerable revenue from 3X to pay for works in 2006. Very positive now wait for 3X flow rates.

Any comments ?

Percentages for stake holders and shares in issue updated in the header.

'Any comments ?'

Only to agree with you PP. Will await confirmation of flow rate before I jump in here though.

-I've held GED for 8 months.......same region!

They said they would continue drilling until hydrocarbons cease (so the deeper the pay zone the more they have to drill and the better for us to have a deeper pay zone).

We could have a ramp and say the flow rate is so high they have had to purchase all new upgraded equipment to handle it as existing can only handle 2500 bopd per day, but better not to and wait and see what comes out, I think based on this news of Fidelity and "accelerate", it should be very good.

Quoted from an earlier RNS "The company said the oil seen so far appears to be of a high quality. Taghmen president and CEO Nicholas Gay said the drilling 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."

We now have "exceptionally promising" and "accelerate"

I hope you will not have to wait too long TStringy to get the news, as its the news we all want to know too.

A couple of posts on AFN from NTV, summarised here, who says he has spoken to the company, good news in my opinion and bodes well for 3X being commercialised with a decent flow rate. The geology problems and balanced drilling has been reported already so no panic there, good to see the full story not just the nice bits being reported.

NTV - 31 Oct'05 - 10:29 - 309 of 317
drilling finished at 9300ft about one week ago ,now running wirelines to test zones
seismic will run over las casas before any more drilling as 3 was nothing like original geology
well full of problems
still cash to be raised for further deals will hold back sp
but nothing will happen til after testing and results are completed on las casas3

sranmal - 31 Oct'05 - 10:50 - 310 of 317
NTV - are you stating that Well 3X was "full of problems"?

NTV - 31 Oct'05 - 11:06 - 311 of 317
scrammal
forget the tech term but inidicated that pay zones leak so the leaks had to stopped so they can test reservoir
they are planning to test maybe for up to three weeks to get an accurate test results guees there are several pay zones
commercialization delayed by a couple of weeks
re shooting of seismic will cost but all in all it all sounds promising
td depth was also increased by 100ft as well

The road to riches can be a rocky one, especially when drilling holes in the ground, but this doesn't seem to have deterred the buyers nor dented the price overly.