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Key oil trends 2017

Following up on our last post of 2017 natural gas trends, here are highlights from the IEA’s Key Oil Trends of 2017. Oil Production: Led by the Organisation for Economic Co-operation and Development (OECD) Americas, OECD annual oil production increased by 2.6% in 2017.  More than half of the production was from the United States, while production lessened in both OECD Asia Oceania and Europe.    Refinery Output: An increase of 1.2% was seen in refinery gross output.  The ratio of refinery gross output to net deliveries to the domestic market remained…

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Natural gas trends of 2017

The International Energy Agency (IEA) recently put out a report of the key natural gas trends of 2017. Some highlights are recapped below. Natural Gas Production: Production in OECD (Organisation for Economic Co-operation and Development) countries grew 2.4%. While OECD Americas continued to account for nearly three-quarters of all OECD production, and moderate growth was seen in all regions, OECD Asia Oceania experienced a 17.7% increase, fueled in part by Australia’s 20.5% production increase. .Australia’s Surat-Bowen Basin, where TAG Oil’s PL17 is located, was one of the main areas of…

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Oil prices poised to rise…

We keep hearing it. Oil prices are rising.  Or the most recent article we’ve run across: “Oil Prices Poised to Rise as Cycle Comes to an End,” posted by Oil Price. As we all know, oil has always been very cyclical.  But the down cycle has outlasted the average down cycle, which historically runs no more than two years. Writer Dan Steffans has worked in the industry for more than 20 years, and he has a few thoughts on what he has seen. As taken directly from his article: Oil…

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Successful Flow Tests at the Pukatea-1 Well

A new TAG Oil oil and gas discovery in the Taranaki Basin has TAG and its shareholders pleased and optimistic. Especially with Brent oil prices back up around the $70 mark. When we entered New Zealand exploration so many years ago, we were well aware of the potential of the prospect-rich oil and gas fairways, and it has yet again proven our judgement and data correct. After encountering 12.9 meters of oil- and gas-bearing sands in the Mt. Messenger formation during the drilling of the Pukatea-1 well, the TAG team…

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Why are oil & gas equities suffering while crude prices are strong?

Over the past year, there has been a remarkable recovery in oil prices, with Brent up over 40% from this time a year ago (and up about 60% since the lows of June 2017). Oil and gas equities however, have not fared as well as the underlying commodity. The NASDAQ Large Cap Oil & Gas index is essentially flat from a year ago, while the small cap index has fared even worse, being down 7%. What is driving the disconnect between oil and equities and oil prices? Clearly there is…

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TAG attends the 30th annual ROTH conference

TAG Oil recently attended the 30th annual ROTH Conference in Dana Point, California. The ROTH Conference is one of the leading events in the US for companies and investors in the small-to-mid-cap space. It attracts more than 500 companies and 5,000 attendees annually. Representing TAG for the second year in a row were CEO Toby Pierce and VP of Business Development Chris Beltgens. Over the course of two and a half days, Toby and Chris had a number of one-on-one meetings with institutional investors, private equity investors, VCs and service…

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A look at Cheal E with COO, Henrik Lundin

TAG Oil COO, Henrik Lundin gives us another on-site peek, this time at Cheal E.  Cheal is one of TAG’s core producing areas in the Taranaki Basin, with 39 wells drilled to date.  At this time, the TAG team is focusing on increasing production through a waterflood program. We’re still testing, but current injections rates and production data are showing enhanced recovery as well as the extension of reserve life. See what Henrik has to say: TAG COO, Henrik Lundin at TAG Oil Cheal E site in the Taranaki Basin…

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Exuberant oil demand

Saudi Energy Minister, Khalid al-Falih, throws caution out the window and predicts that demand for oil and gas this year, could turn out to be “way in excess” of 2017’s exuberant levels. Demand has played a significant part in oil price recovery in early 2018 where it hit a three-year high. With the ever-increasing consumption of oil, we wondered where the demand is coming from. Manufacturing: Consumers continue consuming, especially in China, where 2017 industrial production grew at the fastest pace since 2014. International travel: Passenger airline data from China…

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More questions answered!

Round two of your questions with TAG Oil CEO, Toby Pierce is here.  What did we talk to Toby about this time around? Acquisitions, share price, debt, and the latest on Australian permit PL17, with news on our 3D seismic results! If you have any unanswered questions, we are always here for you. Just email us at info@tagoil.com and we’ll make sure to pass your question on to the right person, get back to you, and maybe even address it in our next video session. Enjoy.        …

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Here’s what to do in a volatile stock market

It’s been more than a roller coaster ride lately, as the US stock market declines one day and rises the next, dips again the next day and soars up again the next.  As an investor our fear and greed buttons are taunted daily as we decide whether to buy or sell, and sometimes these decisions do not work out in our favor.  Bridgewater Associates founder and multi-billionaire, Ray Dalio, shares some of his knowledge on investing at the Harvard Kennedy School’s Institute of Politics. “You’ve got to do the opposite,”…

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