Field news and more

One of the few to present at SEAPEX Conference

TAG Oil COO Henrik Lundin and TAG Senior Geologist Nick Cozens recently presented at the SEAPEX conference held in Singapore, April 26 to 28. The South East Asia Petroleum Exploration Society is a non-profit, voluntary organization established in 1973 with more than 1,600 active members worldwide. SEAPEX exists to advance the science of geology and related earth sciences for petroleum and gas exploration, development and production in Southeast Asia. Only a handful of companies were selected to present, and TAG’s high-impact assets were the reason that Nick was able to…

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Views from the field

Seeing is believing, so here’s some footage of what the TAG Oil New Zealand team is working on. Taken by CEO, Toby Pierce, on his phone.  First is Ryan Beierle (TAG Production Manager) manning a workover rig, and second is a panoramic view of the Cheal A site. We never get tired of seeing Mt. Taranaki!              

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TAG outlook for the new fiscal year

This fiscal year has come and gone, and from our perspective, it’s been a decent FY 2016. While oil prices have risen, they’re not where we want them as of yet, but we’ve managed to use this low oil price environment to our advantage. Our outlook for 2017 consists of optimization of infield opportunities including well stimulations and work overs, water flood commencement across the three pools, and preparation for drilling when prices move higher. With these plans, our goals are to see an increase in daily production rates, cash…

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The difference between the TSX and the TSXV (and why we care)

Back in July of 2005, TAG Oil Ltd. successfully commenced listing on the TSX-Venture Exchange (“TSXV”) under the trading symbol “TAO.” Fast forward to July 2011 and the Company graduated to the Toronto Stock Exchange (“TSX”). What is the difference between these two Canadian-recognized exchanges? Well actually quite a bit. The main purpose of the TSXV is to provide a platform to access capital for earlier stage or emerging companies through access to public venture capital that helps facilitate growth. In accordance with that mandate, the TSXV has much less…

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TAG Oil sponsors Tough Kid 2016

Back in December, summer in New Zealand, yet another crop of 1,500 students took on the TAG Oil Tough Kid Challenge, a giant obstacle course and physical challenge at Yarrow Stadium in New Plymouth. We posted the news about 2015’s Challenge, but missed the amazing drone video of the event, which we’re sharing now in honor of the 2016 competition.  TAG Oil and others donated time and goods to this hugely popular, annual event benefiting local kids of all ages. Put on by Sport Taranaki, a local nonprofit organization established in 1989, the TAG Oil Tough Kid Challenge…

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U.S. leads the way in oil and gas demand

There’s a theory that low oil prices work on both the supply- and demand-sides of the market, and it’s interesting to watch the shift in supply and demand unfold in real time. Low oil prices affect the supply side by reducing future production due to reduced funds for investment, and on the demand side by lower product prices stimulating demand. On the supply end of the market, crude output from the U.S. fell by 194,000 b/d according to data released from the EIA on July 7th, which is the biggest…

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Will disruptions and production ever re-balance?

Global oil disruptions are at their highest level in the past five years, which typically leads to supply problems in the near term. In May alone, for example, disruptions caused production levels to drop nearly 3.6 million barrels of oil per day according to the USEIA. Why the drop? Political disputes seem to be the primary cause: Nearly 90% of unplanned disruptions in the first five months of 2016 were caused by conflicts in Venezuela, Libya, and Nigeria. In addition to the unrelenting and damaging militant attacks in Nigeria, especially,…

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TAG showcases at Australia’s APPEA

TAG Oil CEO, Toby Pierce, spent some time in Australia in early June, attending the APPEA (Australian Petroleum Production & Exploration Association) Conference and Exhibition. He was accompanied by New Zealand country manager Max Murray, senior geophysicist Sarah Cutten, board member and technical consultant Dr. Dave Bennett, and commercial manager Ryan Brown. TAG hosted a booth at this great event held in Brisbane and sponsored by the top national body representing Australia’s oil and gas exploration and production industry. APPEA represents nearly 180 associate member companies that provide a wide range of goods and services…

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20-Questions with COO Henrik Lundin

As Mr. Henrik Lundin transitions from Norway to New Zealand to take on his new role as COO with TAG Oil, we wanted to give shareholders a chance to get to know him a little better. Below are 20 questions that should give you more insight into the life of Henrik, as he leads TAG into its next phase of growth. 1. Give us a little bit of background on your work history. I started work with Tanganyika Oil in the fields of northern Syria for about three years, transitioning into…

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More to New Zealand than meets the eye

If you look at New Zealand below the ocean, you’ll find that most of its continental landmass is submerged. In fact, the Exclusive Economic Zone (EEZ) of New Zealand is 20 times bigger than the landmass above sea level, making its EEZ the fifth largest in the world. Put another way, just 7% of New Zealand’s landmass is visible above sea level, while the rest extends beneath the Pacific Ocean. The EEZ of New Zealand spans more than 200 nautical miles wide, and gives New Zealand the economic rights to…

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