TAG Oil Ltd. is pleased to announce the appointment of Mr. Toby Pierce as Chief Executive Officer and a Director of TAG Oil, effective immediately. Mr. Pierce, MBA, B.Sc., is a natural-resource executive with more than 19 years of extensive transactional and valuation experience across multiple deals, from a million to $1.3 billion in value.
New Plymouth, New Zealand – May 14, 2015 – Oil and gas operator TAG Oil Ltd., listed on the Toronto Stock Exchange (trading symbol TAO), and in the US on the OTCQX Market (trading symbol TAOIF), reports that pipeline construction connecting the Cheal-E development area to TAG’s main Cheal-A production infrastructure is nearly complete. The TAG-led, NZ$4.5 million (US$3.3 million) project was completed on budget and ahead of schedule. “The new pipeline is an important addition to TAG’s overall infrastructure in the Taranaki region,” said Max Murray, TAG Oil’s New Zealand Country Manager. “It allows us to significantly reduce operating costs
Mr. Alex Guidi, Founder and Chairman of TAG Oil Ltd., is pleased to announce the appointment of oil and gas executive Frank Jacobs to the post of Chief Operating Officer. Mr. Jacobs has enjoyed a successful career as an international oil and gas executive and has worked extensively in Australia, SE Asia, North and South America, and New Zealand.
Mr. Alex Guidi provides an update on the Company’s Taranaki Basin oil and gas production, operations, and coming drilling activity.
Vancouver, Canada – March 10, 2015 – Canadian-based, New Zealand oil and gas producer TAG Oil Ltd., (TSX: TAO and OTCQX: TAOIF) is pleased to announce that Mr. Alex Guidi – the Company’s Chairman and founder – has been appointed interim Chief Executive Officer.
Vancouver, B.C. – February 17, 2015 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report the third quarter results for fiscal year ending March 31, 2015. The Company achieved operating revenues of $12.28 million during the quarter, and average daily production grew 8% to 1,991 BOE/d (77% oil) compared to 1,845 BOE/d (78% oil) last quarter. Growing TAG’s oil production from its core Taranaki Basin oil field development area has been – and will continue to be – a priority, and has been trending consistently upwards for an extended period of years. TAG’s shallow Miocene drilling
VANCOUVER, Feb. 11, 2015 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), announced today that Chief Executive Officer and Director, Garth Johnson, and Chief Operating Officer, Drew Cadenhead, have submitted their resignations, but they will continue in their respective roles during a transition period to support the appointment of new executives. Founder and Chairman of TAG Oil, Alex Guidi, wishes Messrs. Johnson and Cadenhead the very best for the future, and thanks them for their significant contributions and a forward-looking approach to the development of TAG Oil. TAG Oil CEO, Garth Johnson commented on today’s changes: “It’s been a great opportunity at TAG for almost
Vancouver, B.C. – December 15, 2014 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report progress of the Cheal-E-JV-6 well (Cheal-E6) and Cheal-E7 wells, located in New Zealand’s Taranaki Basin where TAG Oil has extensive oil and gas operations. These new wells continue to demonstrate the prospectivity and the potential for further success in TAG’s Cheal acreage, which remains relatively lightly explored. Cheal-E6 Well Testing Operations:Over a period of eleven days the Cheal-E-JV-6 well (Cheal-E6) continues to naturally free flow under a 16/64 choke at stable rates. During the test period Cheal-E6 (TAG: 70%) produced an average of
Vancouver, B.C. – December 11, 2014 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), announces that New Zealand Petroleum and Minerals has awarded the Company 100% interest in two new onshore Taranaki Basin permits: Petroleum Exploration Permit 57065 (“Sidewinder North”) and Petroleum Exploration Permit 57063 (“Waiiti”). Both permits, which add a combined 36,781 acres to TAG’s Taranaki Basin exploration portfolio, are situated in a prolific oil and gas production fairway in close proximity to producing oil and gas fields. Together with the Company’s existing permits, TAG now operates ten exploration and production permits in the Taranaki Basin, and a total of
Vancouver, B.C. – December 8, 2014 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports that subject to the acceptance of the Toronto Stock Exchange (the “TSX”) the Company intends to purchase and cancel up to 5,885,051 of its common shares. TAG has appointed Dundee Goodman Private Wealth to conduct the purchases through the facilities of the TSX. TAG Oil believes that its share price does not reflect the underlying value of the Company, and that purchasing shares for cancellation will be advantageous to the Company and its shareholders. Under TSX policies, these purchases can commence on December 10, 2014, and