TAG Oil News

2016 News

TAG Announces Normal Course Issuer Bid Renewal

Vancouver, B.C. – December 8, 2016 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF, “TAG”), reports that the Toronto Stock Exchange (the “TSX”) has approved TAG’s request to renew its normal course issuer bid to purchase and cancel up to 2,000,000 of its common shares, which is 3.9% of its 51,023,013 common shares in the public float as at December 8, 2016. TAG has appointed Echelon Wealth Partners to conduct the purchases through the facilities of the TSX. While TAG plans to spend the bulk of its capital on…

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TAG Oil Reports Successful Testing at Cardiff and Supplejack

Vancouver, B.C. – December 6, 2016 – Oil and gas exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF, “TAG”), announces successful initial flow testing at the Cardiff field and further information on its Supplejack-1 well flow testing program. Cardiff (100%) TAG is pleased to report that the Cardiff-3 well has successfully conducted an interim flow test with gas and condensate produced to surface. Based on the preliminary test results, further long term testing will need to be undertaken in order to support commercialization of Cardiff production…

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TAG Oil Reports Q2 2017 Results and Updates Recent Activities

 Vancouver, B.C. – November 14, 2016 – Oil and gas exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF, “TAG”) is pleased to report second quarter results for the fiscal year ending March 31, 2017, in which oil and gas production increased and continues to be steady and is above guidance with a current net daily average rate of 1,227 BOE/d (83% Oil) over the month of November to date.  TAG remains focused on preserving capital, as well as field optimization opportunities, prospect generation and assessing strategic…

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TAG Oil Reports Successful Supplejack-1 Well Test

Vancouver, B.C. – November 8, 2016 – Oil and gas exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF, “TAG”), is pleased to announce preliminary test results from the Supplejack-1 well located in TAG’s PEP 57065 permit in the Taranaki Basin of New Zealand. Testing of the Supplejack-1 well commenced on November 2, 2016 and tested at flow rates of over 7 mmscf/d before being restricted due to equipment constraints. Wellhead pressures during the test were sustained at over 1,000 psi. Testing of the well will continue…

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TAG Oil Announces Election of Board of Directors

Vancouver, B.C. – November 1, 2016 – Oil and gas exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF, “TAG”), is pleased to announce the results from its 2016 annual general meeting of shareholders (the “Meeting”) held in Vancouver, B.C. on October 31, 2016. All six of the nominees listed in TAG’s management information circular dated September 27, 2016, that were proposed by management for election to the board of directors at the Meeting were duly elected. The directors will remain in office until the next annual…

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TAG Oil Announces Definitive Agreement to Acquire Assets Located in Australia’s Surat Basin

Vancouver, B.C. – October 31, 2016 – Oil and gas exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF, “TAG”), is pleased to announce that its wholly owned Australian subsidiary, Cypress Petroleum Pty Ltd. (“Cypress”), has entered into a definitive asset purchase agreement (the “Definitive Agreement”) with Southern Cross Petroleum & Exploration Pty Ltd. (“Southern Cross”), to acquire a 100% interest, subject to underlying royalties, in Petroleum Lease 17 (“PL 17”) and all related assets, which are located in Australia’s Surat Basin. The Definitive Agreement is subject…

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TAG Oil Updates Recent Operational Activities

Vancouver, B.C. – September 29, 2016 – Oil and gas exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF, “TAG”), is pleased to provide the following update on its operations in the Taranaki Basin of New Zealand. Sidewinder Production (100% TAG) As reported in TAG’s August 15, 2016 press release, a low-cost recompletion to an existing wellbore at Sidewinder demonstrated the potential of a previously unproduced oil leg following testing. Since August 18, 2016, when equipment was installed allowing for 24-hour oil production, the well has been…

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TAG Oil Reports Q1 2017 Results and Updates Recent Activities

Vancouver, B.C. – August 15, 2016 – Oil and gas exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to report first quarter results for the fiscal year ending March 31, 2017, in which the Company has continued with its strategy to preserve capital by continuing to reduce its capital expenditures and focus on field optimization opportunities, prospect generation and capitalize on distressed asset acquisitions. Oil and gas production has continued to be steady and is above guidance with a current net daily average rate…

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TAG Oil Reports FY2016 Results

Vancouver, B.C. – June 29, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to report the results for the fiscal year ending March 31, 2016, in which the Company has successfully implemented and adjusted its growth strategy in light of low oil pricing. TAG has preserved capital, reduced costs, substantially strengthened its technical and operating capability, while also maintaining consistent revenue and stable production with a focus on low cost field optimizations. Capital expenditures for FY2016 were cut back significantly as TAG Oil focused on its…

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TAG Oil FY2016 Conference Call information & Corporate Update

Vancouver, B.C. – June 21, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce that Mr. Henrik Lundin is commencing his position as TAG Oil’s Chief Operating Officer on June 27, 2016, and will be based in the Company’s operations’ office in New Plymouth, New Zealand. Toby Pierce, CEO commented, “We are very excited to welcome Henrik to TAG as our new COO, and are looking forward to Henrik hitting the ground running. He will provide a strong foundation and the requisite guidance to the…

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