Field news and more

Australia abundant with natural gas

With abundant supplies of natural gas, Australia is ranked second as the world’s largest exporter of liquefied natural gas (LNG). By 2019, it should knock Qatar out of the top spot to become the largest.  With this abundant supply—and equally abundant exports—Australian domestic natural gas prices are at all time highs. Most of the LNG exports are from eastern Australia (where TAG Oil’s PL17 is located); in 2016 they accounted for 43% of Australia’s LNG exports.  In early 2017, long-term contracts (which are tied to oil prices) with importers such…

Read More >

Overstated shale?

Energy independence is what the U.S. is striving for. Or, in the words of President Trump, “Energy Dominance.” And many think that America’s shale industry just might take them there. But researchers at Massachusetts Institute of Technology (MIT) are saying the shale play oil and gas prediction by the Energy Information Administration’s (EIA) forecast is “vastly overstated.”  The research is showing that increases in production are due to low prices, which have made drillers focus on sweet spots with easy-to-extract oil, rather than the EIA’s prediction that enhanced technology will…

Read More >

The Slug says $80 or bust

Energy News Bulletin’s Slugcatcher, gives their input on what they look at besides oil price, to determine if the oil and gas industry will continue to recover.  First, shipping movements.   Last year, full tankers were waiting to be unloaded as the oil glut kept them waiting ports with big oil refining capacity.  This indicated little chance of price recovery. These days, however, things are looking up, as the number of moored tankers has dwindled. In fact, the most recent data by Reuters shows that in Singapore last week, there…

Read More >

The Blockchain Era

The Blockchain era is upon us and it is revolutionary.  It is not just for the financial industry as many assume: in fact there are over a hundred blockchain uses that have been implemented so far. What is blockchain exactly? It’s a public ledger that records transactions. Using cryptography (and math) blockchain technology establishes an open, decentralized database of any transaction involving money or trust, essentially cutting out the middleman. It becomes the facilitating mechanism of a trusted transfer of value, speeding transaction, cutting costs, and circumventing third-party trust organizations.…

Read More >

TAG attends the Capital Events Conference

TAG Oil’s recent attendance at Capital Event’s 2017 Florida Conference in West Palm Beach, marks another successful marketing event for the Company. Over a busy three days, Pino Perone (Corporate Secretary and General Counsel) and Chris Beltgens (VP Corporate Development) had the opportunity to meet with a variety of investors and peers in the resource industry. This was TAG’s second year at this event, so we also reconnected with contacts made at last year’s conference.   Pino and Chris had 18 one-on-one meetings with small cap resource investors, and engaged…

Read More >

Get the inside scoop on TAG Oil

TAG CEO, Toby Pierce was interviewed while in London at the 121 Oil & Gas Conference, where he discussed the exciting year ahead and the robust platform that is set for TAG. First on the docket for 2018? A high-impact exploration well, Pukatea, which is a 10 million barrel prospect in TAG Oil’s onshore New Zealand Puka permit. See his interview and enjoy this month’s issue.

Read More >

The Shale King shares his opinion

Billionaire Shale King, Harold Hamm, also known as one of the great American wildcatters, is blaming the government for depressing U.S. oil prices by making overly optimistic predictions. And he’s calling for a change. The U.S. Energy Information Administration (EIA) is a principal agency of the U.S. Federal Statistical System, and Hamm isn’t the first to call them out on faulty forecasting.  In a recent interview, Hamm, who is founder and chairman of Continental Resources Inc., said, “EIA is on that world stage with us, as the swing producer in…

Read More >

Tax loss selling begins

It’s getting close to the end of the year, which means our thoughts turn to taxes and end of year tax prep. Tax loss selling has begun, and as you can see, it has affected TAG Oil’s share price. Tax loss selling is used to offset capital gains from other sources. But it goes against the first rule of investing: “Buy Low, Sell High.” What the sellers are doing, is simply selling stocks or assets at a loss so that they can claim it as a loss, thereby offsetting capital…

Read More >

Spotlight on natural gas (for once)

As you may know, TAG Oil produces oil and natural gas.  Aside from power generation and home heating, natural gas is used to manufacture many everyday and industrial products.  And TAG maximizes the marketability of the gas we produce from our Cheal and Sidewinder fields, via New Zealand’s open-access gas transmission line.  There are nearly 18,000 km of intermediate, medium, and low-pressure gas distribution pipeline networks connected to New Zealand’s North Island transmission pipeline system. The pipeline system then transports large volumes of natural gas under high pressure from the…

Read More >

Future oil supply: is abundance guaranteed?

“Most investors and analysts assume—perhaps unconsciously—that future supply will be more abundant than present supply. What if they are wrong?”  Art Berman, noted energy specialist, geological consultant, and keynote speaker, recently published an article in the Petroleum Truth Report talking about oil prices, consumption, comparative inventory and exports and the Brent/WTI Spread. In it, he writes (among other things) about how U.S. oil over supply will be coming to an end due to increased exports. And as prices rise, more production will come from E & P companies, causing a…

Read More >