Vancouver, Canada – May 12, 2015 – Mr. Alex Guidi, Founder and Chairman of TAG Oil Ltd., listed on the Toronto Stock Exchange (trading symbol TAO), and in the US on the OTCQX (trading symbol TAOIF), is pleased to announce the appointment of oil and gas executive Frank Jacobs to the post of Chief Operating Officer.
Mr. Jacobs holds a B.Sc. Chemical Engineering degree from the Higher Technical College in Breda, Netherlands, as well as a M.Sc. degree in Petroleum Engineering from the University of Calgary. Mr. Jacobs has more than 35 years of experience in the oil and gas industry that includes operations management from concept to full-scale field development, numerous production and corporate acquisitions, and development of existing oil and gas production.
Most recently, Mr. Jacobs was based in Kuala Lumpur leading the field development, project funding and technical team for the US$135 million Ophir oil field development project offshore Malaysia.
Mr. Jacobs has extensive experience in the management of production assets, as well as a long list of successful production and corporate acquisitions to his credit over the span of his career. He has been a senior executive of public companies in Australia and Canada, including former Managing Director of Cue Energy, where he led the acquisition of several oil and gas properties in Papua New Guinea and Indonesia. He also led the acquisition of numerous Australian companies including Basin Oil, Barcoo Petroleum and Esso Timor Sea Limited.
“I have known Frank for more than 15 years, and am very happy that we finally have the opportunity to work together,” said Alex Guidi, Chairman of TAG Oil Ltd. “Frank will work closely with our sub surface team in New Zealand and I have the utmost confidence that he will ensure our oil and gas field development is properly executed, and the value of our assets are maximized. Frank is also one of the most successful production acquisition specialists I have ever known, and his wealth of operational and engineering experience will be a great benefit to TAG. Having Frank aboard gives me a high level of confidence in TAG’s ability to unlock the significant value identified across the Company’s development-stage projects and production assets as well as identifying new opportunities.”
TAG Oil Ltd.
TAG Oil Ltd. is a Canadian based, development stage, oil and gas company with extensive operations—including production infrastructure—in the Taranaki region of New Zealand. As one of New Zealand’s leading operators, TAG is poised for long-term, reserve-based growth, and is positioned with attractive exploration activities in the lightly explored Taranaki Basin discovery fairway. As a low cost, high netback oil and gas producer, TAG is debt-free and reinvests its cash flow into development and step-out drilling along trend with the Company’s existing production.