Field news and more

Thanks, Mel!

Long-time resource investor Mr. Mel Z. Zummack resides in Kelowna BC, Canada where TAG Oil originated. Ten years after first investing he’s still using the pen he received, and is still a strong supporter. From all of us at TAG: “Thanks for your continuous and unwavering support, Mel!”   Back to Blog >

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Prepping for a 12-well kickoff

This coming weekend marks the kickoff of our 12-well drilling campaign, fully funded with income from the sale and production of TAG Oil’s own Taranaki oil and gas, and the Company’s strong balance sheet.    We’ll start with the Cheal E-1 well, which continues TAG’s shallow drilling program, and our first high-impact, deep gas well, Cardiff-3. should spud about four weeks later. Let’s see if our unprecedented streak can continue. More reports soon as events unfold….  

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100% compliance on the Ngapaeruru-1 well

We’re happy to report the positive findings in a report by Horizons Regional Council, which tracks and manages the land, air, and water for a large portion of New Zealand’s north island.   Horizons visited TAG’s Ngapaeruru-1 site 11 times to monitor compliance during construction and drilling activities, and to take ground and surface water samples with each visit to test the different phases of well activity. Visits and water analysis showed no incidents – essentially giving TAG and the well site a clean bill of health.   TAG’s operating…

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Launching FY 2014 from a great platform

Here are a few excerpts from TAG Oil’s 2013 year-end conference call, conducted by Chief Executive Officer Garth Johnson, and Chief Operating Officer Drew Cadenhead on 28 June. You can listen to the full podcast here, see details and financials in the year-end press release here, and access the Company’s MD&A / Annual Report here. But these excerpts have some pretty interesting pieces of information shared by Garth and Drew. The transcript is from Thompson Reuters, and the subheads are ours for your scanning convenience. Needless to say, we’re chomping at the bit…

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Praise and mutual respect at the Ngaere Cheal Plant Opening

New Zealand Prime Minister John Key officially opened TAG Oil’s expanded gas production plant at the Cheal-A site last Friday. About 100 others joined the festivities, including government ministers, representatives of Taranaki’s Ngati Ruanui, North American analysts, principals from local elementary and high schools, landowners, and regional organizations who may soon be hosting other explorers, as New Zealand expands its search for oil and gas.   Prime Minister Key flew to Taranaki to show the government’s full support of TAG Oil and New Zealand’s commitment to its energy sector: “Taranaki…

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Oil and gas exploration as (responsible) economic engine

There’s been a lot of good, constructive dialogue in New Zealand recently between industry, indigenous populations and local government, most recently in the East Coast Basin where TAG Oil is actively exploring and the Ngati Kuhungunu iwi live. As reported recently in the online FW+, iwi members are supporting economic development in addition to tending to environmental concerns.  TAG is 100% committed to observing blue-chip standards of operation, and we take our responsibility to the environment very seriously. Over the past 15 years, we’ve developed resources in the safest way possible —…

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Intersecting oil & gas shows in our East Coast Basin source rock

Our team is happy to report that our Ngapaeruru-1 exploration well successfully drilled through the Waipawa and Whangai source rock formations in permit 38349, an area we call Boar Hill. Early mud-log analysis returned predominantly wet gas and oil indications – meaning the presence of gas zones or soluble gas in oil – which is incredibly exciting.   This was our first unconventional target in the East Coast Basin, and New Zealand’s first test directly targeting the naturally fractured Waipawa and Whangai formation source rocks, which have been estimated to contain…

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Targeting first oil & gas discovery potential in the ECB

Here’s one of the first photos to come in from TAG Oil’s Ngapaeruru-1 wellsite, spudded on April 22nd. Our exploration team is targeting the Waipawa Black Shale and Whangai source rock formations at an anticipated depth of 1,800 meters to test the unconventional discovery potential in this portion of New Zealand’s East Coast Basin.   This is another step in TAG’s long-term strategic plan: to leverage the success — and cash flow — of the Company’s lower risk conventional assets in the Taranaki Basin, in order to intelligently pursue higher impact…

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Infrastructure complete: Let the behind-pipe oil and gas flow!

TAG geologist and geotechnical specialist Alexandra Johansen took a tour of Sidewinder and the newly completed Cheal oil and gas processing facility with a few other members of the team. We think you’ll agree, these shots are a far cry from the bare patch of land we shared back in August. Great job to the team for their hard work freeing up our behind pipe oil and gas. But as ever, the work continues: Our engineers are busy tying the remaining wells into the plant, and over the next several…

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Macquarie Capital Markets joins TAG Oil coverage

We’re pleased to announce that David Popowich of Macquarie Capital Markets Canada has initiated coverage on TAG Oil. Please see the full list of analysts here.

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