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Latest TAG Oil Ltd. Stories

2014-09-16 04:20:32

TSX: TAOOTCQX: TAOIF VANCOUVER, Sept. 16, 2014 /PRNewswire/ - TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF), reports the Company has agreed that after encountering extreme drilling conditions, including high pressure shallow hydrocarbon zones, in the interest of safety, the surface section of the Waitangi Valley-1 well, located in Petroleum Exploration Permit 38348, will be plugged and abandoned. CEO Garth Johnson commented; "Waitangi Valley-1 encountered very high hydrocarbon zone...

2014-08-14 16:23:25

VANCOUVER, Aug. 14, 2014 /PRNewswire/ - After a successful first quarter 2015 drilling program, TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to announce growth of production and associated revenues from first quarter operations and drilling activity. TAG's current net production at the beginning of August was 1,977 barrels of oil equivalent per day (81% oil), in line with the annual average production forecast of 2,000 boe/d for fiscal year 2015. During the quarter, TAG drilled and...

2014-08-07 16:21:59

VANCOUVER, Aug. 7, 2014 /PRNewswire/ - TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) is pleased to announce that the shallow development drilling program and production operations in the Taranaki Basin, New Zealand, remains in line with estimates for oil and gas production averaging approximately 2,000 barrels of oil equivalent per day (80% oil), and cash flow from operations of approximately $40 million for the 2015 fiscal year. This production guidance factors only existing production...

2014-07-24 16:22:31

VANCOUVER, July 24, 2014 /PRNewswire/ - TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) is pleased to announce commencement of drilling operations at the Company's 100%-controlled Waitangi Valley-1 exploration well in Petroleum Exploration Permit 38348, located in New Zealand's East Coast Basin. The Waitangi Valley-1 well spudded on July 23, 2014 and will be drilled to a total depth of approximately 3,600 meters (11,800 feet). Waitangi Valley-1 is situated 250 kilometers north of TAG's...

2014-07-03 08:21:56

VANCOUVER, July 3, 2014 /PRNewswire/ - TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports the Company has hired Mr. Max Murray as TAG Oil's New Zealand Country Manager, based in New Plymouth, New Zealand. Mr. Murray will replace Mr. Randy Toone who has resigned to return to Canada for personal reasons and to focus on mid-stream business opportunities in North America. Mr. Murray's thirty years of operational and proven executive leadership in the oil and gas industry, and in...

2014-06-30 20:21:10

VANCOUVER, June 30, 2014 /PRNewswire/ - TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports the Company has filed its audited consolidated financial statements, management discussion and analysis, annual information form and information pursuant to the requirements of National Instrument 51-101 - Standards for Disclosure of Oil and Gas Activities with the Canadian Securities Administrators relating to reserves data and other oil and gas information for the Company's March 31, 2014 fiscal...

2014-05-13 16:22:41

VANCOUVER, May 13, 2014 /PRNewswire/ - TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), announces that due to the considerable shareholder and investor interest relating to TAG's $60 million development and exploration program announced on May 7, 2014, the Company will hold a telephone conference call to discuss these operations, in further detail. TAG's fiscal year 2015 capital spending plan is fully-funded. This program consists of low-risk development drilling, which will continue to...

2014-05-07 08:24:51

VANCOUVER, May 7, 2014 /PRNewswire/ - TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) is pleased to announce its operational plans for the Company's 2015 fiscal year (April 1, 2014 to March 31, 2015), and to provide an operations' update on current activities. Operational Plans and Capital Budget TAG's capital budget for fiscal year 2015 is CDN$60 million; funded entirely by forecasted cash flow and working capital on hand. The capital budget spend will focus on three key...

2014-05-05 08:22:34

VANCOUVER, May 5, 2014 /PRNewswire/ - TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) announces that the Gisborne District Council has granted TAG consent to drill the Waitangi Valley-1 well (TAG 100%), located in Petroleum Exploration Permit 38348 in the East Coast Basin, New Zealand. Earthwork activities are already underway to build an access road and drilling pad, with construction expected to be fully complete and drilling rig mobilized to the site by the end of June. Waitangi Valley-1 will...

2014-02-14 20:20:35

VANCOUVER, Feb. 14, 2014 /PRNewswire/ - New Zealand oil and gas producer TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) is pleased to provide its financial and operating results for the three and nine months ended December 31, 2013. TAG currently has 64,402,052 common shares outstanding (68,085,386 fully diluted) and at December 31, 2013 the Company had cash of $68.5 million, working capital of $71.2 million and no debt. "We continue to make significant progress on our strategy to...


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