TAG Oil News

2012 News

TAG Awarded Taranaki Exploration Acreage & Provides a Production and Operations Update

Vancouver, B.C. – December 11, 2012 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), announces that New Zealand Petroleum and Minerals has awarded TAG Oil Ltd. four onshore exploration blocks offered in New Zealand’s 2012 Block Offer. The permits awarded have been assigned the Petroleum Exploration Permit (PEP) numbers 54873, 54876, 54877, 54879 and are all located in the Taranaki Basin, New Zealand. Key attributes to these awards are: 37,253 additional gross acres in the main Taranaki oil and gas discovery fairway; Extensive TAG controlled proprietary 3D seismic coverage over three of…

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TAG Announces Normal Course Issuer Bid

Vancouver, B.C. – December 6, 2012 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports that the Company intends to launch a normal course issuer bid (bid) to purchase up to 5,586,926 of its common shares through the facilities of TSX, subject to TSX acceptance. The purchase of common shares under the bid will enable the Company to acquire its shares for cancellation. TAG believes that the market price of the Company’s common shares may not reflect their underlying value and that the purchase of common shares for cancellation will increase…

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TAG Oil Provides Second Quarter Results

Vancouver, B.C. – November 15, 2012 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), today announced its financial results for the quarter ended September 2012. Q2-2013 and Recent Operating Highlights Production revenue increased 62% to $21.44 million for the six months ended September 30, 2012, compared to $13.23 million in the comparable period last year; Production revenue increased to $9.62 million during Q2-2013 compared to $7.38 million for Q2-2012; Net operating cash inflow increased to $5.81 million (six months: $14.98 million) for the quarter compared to $5.34 million (six months: $7.11)…

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TAG Oil Responds To Inaccurate Press Release

Vancouver, B.C. – October 31, 2012 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is responding to a press release issued by a third party regarding a reported offer by TAG Oil to acquire all of Greymouth Petroleum (“Greymouth”). TAG Oil as part of its ordinary course of business identifies and, when deemed to be accretive, pursues new business opportunities. TAG however did not submit an offer to acquire Greymouth Petroleum as incorrectly reported. TAG did submit a non-binding indicative expression of interest (“EOI”) stating an interest to potentially acquire the…

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Substantial Production Increase & Strong Production Testing Announced by TAG Oil

Vancouver, B.C. – October 23, 2012 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to announce the following production guidance and test results from it’s 100%-owned Taranaki Basin, New Zealand oil and gas fields. Taranaki Basin Production Increase TAG operates two lightly-explored new field discovery areas, the Cheal and Sidewinder oil and gas fields, which are both owned 100% by the Company. There are currently 19 wells at the Cheal field capable of production, eight of which are currently on-stream.The Sidewinder field has four wells, all currently on-stream. The…

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Acquisition of Common Shares in Coronado Resources Ltd.

Vancouver, B.C. – August 17, 2012 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) reports that it has acquired 25,975,000 common shares in the capital of Coronado Resources Ltd. (TSX-V: CRD) pursuant to a private placement by Coronado, at a price of $0.12 per common share (the “Private Placement”). The common shares acquired by TAG pursuant to the Private Placement represent approximately 40.2% of Coronado’s issued and outstanding common shares.  TAG did not own any securities of Coronado prior to the Private Placement. The common shares acquired by TAG pursuant to the…

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TAG Oil Reports 102% Increase in Production Revenue, Strong Balance Sheet, and provides Operations Update

Vancouver, B.C. – August 14, 2012 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), a Canadian company with 100% of its exploration, development and production efforts focused in New Zealand, reports the Company has filed its June 30, 2012 condensed consolidated unaudited interim financial statements and management discussion and analysis with the Canadian Securities Administrators for the Company’s first quarter of fiscal 2013. Copies of these documents can be obtained electronically at http://www.sedar.com, or for additional information please visit TAG Oil’s website at https://tagoil.com/. Q1-2013 and Recent Operating Highlights Production revenue increased to…

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TAG Oil Reports 300% Increase in Reserves, 227% Increase in Production Revenue & Strong Year End Financial Results

Vancouver, B.C. – June 29, 2012 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), a Canadian-based production and exploration company with focused operations in New Zealand, reports the Company has filed its March 31, 2012 consolidated, audited financial statements, management discussion and analysis and annual information form with the Canadian Securities Administrators for the Company’s 2012 fiscal year-end. Copies of these documents can be obtained electronically at http://www.sedar.com, or for additional information please visit TAG Oil’s website at https://tagoil.com/. Year-End March 31, 2012 Operating Highlights Proved and probable reserves increased to 6.624 million…

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TAG Oil’s Taranaki Basin Operations Continue to Deliver Excellent Results

Vancouver, B.C. – June 25, 2012 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to provide a Taranaki Basin drilling and operations update. This update is being provided prior to TAG’s year-end results, which will include an independent assessment on proven, probable and possible reserves, and is expected to be announced on June 29, 2012. Taranaki Basin Production Current daily production is approximately 2,600 to 2,800 barrels of oil equivalent per day (“BOE”). The split between oil and natural gas is currently approximately 57% oil to 43% gas until…

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TAG Acquires Two-Million Exploration Acres in the East Coast Basin and Canterbury Basin, New Zealand

Vancouver, B.C. – June 4, 2012 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to announce that the Company has entered into an agreement with Rawson Taranaki Limited and Zeanco (NZ) Ltd. to acquire three New Zealand exploration permits; Petroleum Exploration Permit 52589, Petroleum Exploration Permit 52676 and Petroleum Exploration Permit 53674. These permits comprise of approximately two-million acres and are situated in favourable geological areas offering high-impact exploration opportunities in the East Coast Basin and in the Canterbury Basin. This acquisition is complementary to TAG’s existing East Coast…

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