TAG Oil News

2013 News

TAG Announces Election of Board of Directors

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Vancouver, B.C. – December 13, 2013 – TAG Oil Ltd. (the “Company” or “TAG”) (TSX: TAO) and (OTCQX: TAOIF) is pleased to announce the results from its 2013 annual general meeting of shareholders (the “Meeting”) held in Vancouver, British Columbia on December 12, 2013. All of the five nominees listed in the Company’s management information circular dated October 22, 2013 proposed by management for election to the board of directors at the Meeting were duly elected. The directors…

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TAG Announces Normal Course Issuer Bid

Vancouver, B.C. – December 6, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF),reports that the Company intends to launch a normal course issuer bid (the “Bid”) to purchase up to 6,073,339 of its common shares through the facilities of the Toronto Stock Exchange (the “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…

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TAG Oil: Strong Production Revenue Growth, Profitable Q2, Extensive Drilling & Testing Operations Underway

Vancouver, B.C. – November 14, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports that the Company has filed its financial results with the Canadian Securities Administrators for the Company’s September 30, 2013 second quarter fiscal 2014 year. 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/. TAG Oil Quarterly Highlights At September 30, 2013, the Company had cash of $61.2 million, working capital of $62.9 million and no debt prior to closing a $25 million bought deal financing. Production…

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TAG Oil Closes $25,080,000 Bought Deal Offering

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Vancouver, B.C. – November 13, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to announce that it has closed the previously announced bought deal offering of common shares of the Company (“Common Shares”) for aggregate gross proceeds of $25,080,000 (the “Financing”). Pursuant to an underwriting agreement dated effective as of October 23, 2013 (the “Underwriting Agreement”), the Company, through a syndicate of underwriters co-led by Dundee Securities Ltd. and Casimir Capital Ltd., and including…

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TAG Oil Update on Cardiff-3 Deep Well Drilling Progress and Cheal-E Site Drilling and Testing

Vancouver, B.C. – November 4, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports that new wells in the Company’s drilling program underway in the Taranaki Basin of New Zealand are showing encouraging results. These wells are part of an extensive New Zealand drilling campaign targeting significant hydrocarbon potential in lower risk shallow oil prospects and deeper high-impact gas-condensate prospects in the Taranaki Basin, and unconventional prospects in the East Coast Basin targeting naturally fractured source rocks. Petroleum Mining Permit 38156 – Cardiff-3 (TAG 100%) The deep Cardiff-3 well targeting…

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TAG Oil Announces a $25 Million Bought Deal Offering

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Vancouver, B.C. – October 23, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) is pleased to announce that it has entered into an agreement with Dundee Securities Ltd., on behalf of a syndicate of underwriters co-led by Dundee Securities Ltd. and Casimir Capital Ltd., and including Credit Suisse Securities (Canada) Inc., Cormark Securities Inc., Mackie Research Capital Corporation and M Partners Inc. (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a…

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TAG Retains Unconventional Experts & Establishes East Coast Basin Office

Vancouver, B.C. – October 23, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), announces that unconventional oil and gas specialists Stephen L. Dutnell, P.E. and David B. Cornue P.G., C.H.M.M., have joined the Company’s operational team on a long-term contract basis. Mr. Dutnell and Mr. Cornue will be based in TAG’s newly established operational base in the city of Napier on the East Coast of New Zealand’s North Island. TAG is pursuing the major unconventional resource potential that has been demonstrated by TAG’s extensive geotechnical studies and the results of…

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TAG Oil Announces New Chief Financial Officer

Vancouver, B.C. – October 7, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF),announces the appointment of Mr. Chris Ferguson as its Chief Financial Officer (“CFO”), replacing Mr. Blair Johnson. Mr. Ferguson will be joining the TAG team in its New Plymouth headquarters commencing on December 1, 2013.  Mr. Ferguson is a qualified Chartered Accountant who holds a Bachelor of Management Studies in Accounting and has 18 years of financial, accounting and operational experience in both the public and private sectors. For the past fourteen years, Mr. Ferguson has built up…

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TAG Oil’s Cardiff-3 Deep Well Drilling Update and Fracking Consent Granted

Vancouver, B.C. – October 7, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports that the Taranaki Regional Council has granted the Company consent to perform a fracture stimulation on the Cardiff-3 well located in Petroleum Mining License 38156, should drilling results call for it. Cardiff-3 was spudded on September 2, 2013 and is presently drilling ahead, on-time and on-budget at a depth of 3,918 meters. It will take approximately 14 more days to reach its total projected depth of 4,900 meters, at which time, a decision will be made…

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TAG Oil’s Deep Drilling Targets Large Onshore Gas/ Condensate Resource in Taranaki Basin

Vancouver, B.C. – September 17, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), announces that the Cardiff-3 well located in Petroleum Mining License 38156 was spudded on September 2, 2013 and is presently drilling at a depth of approximately 1,000 meters. The Cardiff-3 well will take approximately 30 more days to reach its total projected depth of 4,900 meters. Cardiff-3 is the first of three back-to-back deep wells being drilled (Cardiff-3, Heatseeker-1 and Hellfire-1) by TAG (100%) targeting Taranaki’s successful Kapuni Formation. All three wells are situated within the Taranaki…

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