Field news and more

SNN interviews TAG Oil VP of Corporate Development

While in New York at the Marcum Microcap Conference, TAG Oil VP of Corporate Development, Chris Beltgens, was interviewed by StockNewsNow and we have the video for you. StockNewsNow is a microcap financial news portal that features news and insights from the microcap and emerging growth financial community for both private and public companies. They also publish the microcap Review Magazine. Watch Chris’ interview with SNN here.

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From oil glut to oil shortfall

These days, the focus is all on OPEC cuts and shale output, but there is another piece of the oil puzzle that the markets are missing. Mature fields from China to North America are declining—5.7% last year alone, the fastest since 1992. OPEC cuts will be assisted by further declines in 2017, if oil prices remain steady: Rystad Energy AS predicts another drop in mature field output of 6% this year. That would remove about 1.8 million barrels a day from the market. Mature fields produce a third of global…

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2017 Shareholder call and Q&A with TAG Oil CEO Toby Pierce

TAG Oil CEO Toby Pierce took time to answer shareholders’ questions on our annual shareholders’ conference call that took place on July 6. Shareholders and other interested investors heard a brief update on TAG, and then Toby answered the questions they’d e-mailed in. The questions included: 1. Why haven’t you taken on debt and chosen to use equity instead/dilute shareholders? 2. When do you expect the water flood to start working? 3. Can you give us more background on your reserves report and what do you expect next year? 4.…

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TAG hits the top 100

TAG Oil is happy to be featured in the June issue of Business in Vancouver as one of B.C.’s top 100 publically traded companies for 2017. The companies were chosen based on revenue growth in the current fiscal year. One interesting fact brought to light in the article, is that while the average total revenue of B.C.’s top 10 publically traded companies increased 10% between 2012 and 2016, the remaining 90% of top companies averaged revenue increases of a whooping 45% in the same time period. To be listed next…

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The Wall Street Analyzer interviews TAG CEO

TAG Oil CEO, Toby Pierce was recently interviewed by Juan Costello, senior analyst at The Wall Street Analyzer. Toby talks about company highlights, what makes TAG Oil unique from other investments, current trends in the oil and gas industry, and how TAG Oil is positioning itself to capitalize from them. Click here to have a listen to this 11-minute interview. About The Wall Street Analyzer: Their aim is to provide investors with the tools they need to make informed decisions on buying stock. The staff is a mix of financial professionals…

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Hitting New Targets

Gear up TAG Shareholders and followers, as another exciting time is upon us. Cheal D pad construction is underway, the conductor has been drilled, and we have a target date for mid-July to spud the well! The Cheal D site is located in the northern portion of the same permit that saw TAG’s most recent success at Cheal E8. Back in May, Cheal E8 naturally free flowed oil and gas on choke at an average rate of 318 boe/d.  With Cheal D, we are targeting an additional Miocene producing target,…

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TAG Oil Annual Shareholder Call

Mark your calendars! TAG Oil’s yearly shareholders conference call will be held on July 6, 2017 at 1pm pacific time.  TAG CEO Toby Pierce, will be hosting the call, discussing our almost released Q4 fiscal 2017 financials results along with updated information about TAG. Toby will also talk about our most recent reserves’ announcement. Any questions you want Toby to answer?  Feel free to email them to info@tagoil.com at least one day before the call, or have your question ready for when the operator opens up the line for questions…

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TAG attends the Marcum Microcap Conference

TAG Oil VP of Corporate Development, Chris Beltgens, and TAG Corporate Secretary, Pino Perone, recently arrived back from a successful Marcum Microcap conference in New York.  The duo attended the conference for the first time this year.  Marcum Microcap is geared towards publicly traded companies with a less than $500 million market cap. It brings together companies and the investment community including fund managers and high net worth investors specifically focused on small cap equities. Held over two days, this year the conference was located at the Grand Hyatt Hotel…

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Electric Cars and Oil Demand

Electric cars are no longer a dream of the future. And come on, who doesn’t turn their head when a Tesla drives by? By 2030, the Paris climate deal is looking to have 100 million electric cars on the road, approximately 6.6% of the world’s car fleet.  Sounds notable, right? Even sounds like it could be a major force in slowing down the continual increases in oil demand growth. Actually, it would only reduce global oil demand by 1.2 million barrels, according to BP’s long-term energy outlook.  And who’s to…

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Iraq overtakes Saudi Arabia

Coming out of supply uncertainties and offering competitive pricing, Iraq has overtaken Saudi Arabia to become the top crude supplier to India for the third straight month. India is one of the fastest growing crude consumers in the world—a position that’s expected to be maintained through 2040—importing more than 80 percent of its oil requirements. Iraq’s crude typically has a higher sulfur content, which has given the Saudi’s an edge in India until now, but with recent upgrades to Indian refineries and Iraq improving port infrastructure to ensure a stable…

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