TAG Oil News

2013 News

TAG Oil Update on Cardiff-3 Deep Well Drilling Progress and Cheal-E Site Drilling and Testing

Vancouver, B.C. – November 4, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports that new wells in the Company’s drilling program underway in the Taranaki Basin of New Zealand are showing encouraging results. These wells are part of an extensive New Zealand drilling campaign targeting significant hydrocarbon potential in lower risk shallow oil prospects and deeper high-impact gas-condensate prospects in the Taranaki Basin, and unconventional prospects in the East Coast Basin targeting naturally fractured source rocks. Petroleum Mining Permit 38156 – Cardiff-3 (TAG 100%) The deep Cardiff-3 well targeting…

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TAG Oil Announces a $25 Million Bought Deal Offering

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Vancouver, B.C. – October 23, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) is pleased to announce that it has entered into an agreement with Dundee Securities Ltd., on behalf of a syndicate of underwriters co-led by Dundee Securities Ltd. and Casimir Capital Ltd., and including Credit Suisse Securities (Canada) Inc., Cormark Securities Inc., Mackie Research Capital Corporation and M Partners Inc. (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a…

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TAG Retains Unconventional Experts & Establishes East Coast Basin Office

Vancouver, B.C. – October 23, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), announces that unconventional oil and gas specialists Stephen L. Dutnell, P.E. and David B. Cornue P.G., C.H.M.M., have joined the Company’s operational team on a long-term contract basis. Mr. Dutnell and Mr. Cornue will be based in TAG’s newly established operational base in the city of Napier on the East Coast of New Zealand’s North Island. TAG is pursuing the major unconventional resource potential that has been demonstrated by TAG’s extensive geotechnical studies and the results of…

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TAG Oil Announces New Chief Financial Officer

Vancouver, B.C. – October 7, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF),announces the appointment of Mr. Chris Ferguson as its Chief Financial Officer (“CFO”), replacing Mr. Blair Johnson. Mr. Ferguson will be joining the TAG team in its New Plymouth headquarters commencing on December 1, 2013.  Mr. Ferguson is a qualified Chartered Accountant who holds a Bachelor of Management Studies in Accounting and has 18 years of financial, accounting and operational experience in both the public and private sectors. For the past fourteen years, Mr. Ferguson has built up…

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TAG Oil’s Cardiff-3 Deep Well Drilling Update and Fracking Consent Granted

Vancouver, B.C. – October 7, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports that the Taranaki Regional Council has granted the Company consent to perform a fracture stimulation on the Cardiff-3 well located in Petroleum Mining License 38156, should drilling results call for it. Cardiff-3 was spudded on September 2, 2013 and is presently drilling ahead, on-time and on-budget at a depth of 3,918 meters. It will take approximately 14 more days to reach its total projected depth of 4,900 meters, at which time, a decision will be made…

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TAG Oil’s Deep Drilling Targets Large Onshore Gas/ Condensate Resource in Taranaki Basin

Vancouver, B.C. – September 17, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), announces that the Cardiff-3 well located in Petroleum Mining License 38156 was spudded on September 2, 2013 and is presently drilling at a depth of approximately 1,000 meters. The Cardiff-3 well will take approximately 30 more days to reach its total projected depth of 4,900 meters. Cardiff-3 is the first of three back-to-back deep wells being drilled (Cardiff-3, Heatseeker-1 and Hellfire-1) by TAG (100%) targeting Taranaki’s successful Kapuni Formation. All three wells are situated within the Taranaki…

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TAG Oil Reports Strong Q1 2014 Financial Results and 12 Well Drilling Campaign Underway

Vancouver, B.C. – August 14, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports the Company has filed its financial results with the Canadian Securities Administrators for the Company’s June 30, 2013 first quarter fiscal 2014 year. Copies of these documents can be obtained electronically at http://www.sedar.com, or for additional information please visit TAG Oil’s website at https://tagoil.com/. Q1 2014 TAG Oil Highlights At June 30, 2013, the Company had cash of $57.2 million, working capital of $63.5 million and no debt. Production revenue increased to $14.7 million. Net income…

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TAG Oil Reports 2013 Fiscal Year End Financial Results and 2014 Drilling Program

Vancouver, B.C. – June 28, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports the Company has filed its consolidated, audited financial statements, management discussion and analysis and annual information form with the Canadian Securities Administrators for the Company’s March 31, 2013 fiscal year-end. Copies of these documents can be obtained electronically at http://www.sedar.com, or for additional information please visit TAG Oil’s website at https://tagoil.com/. Poised for Many Years of Growth During FY2012 and 2013, TAG Oil conducted an extensive Taranaki drilling campaign consisting of wells averaging approximately 2,000 meters…

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TAG Oil’s Taranaki Basin Success Paves the Way for Future Growth in New Zealand

Vancouver, B.C. – May 28, 2013 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports that with the completion of the Company’s Taranaki Basin production facility expansion and associated pipeline, all but six wells capable of commercial production have now been tied into the facility and optimized for long-term production. With all production facilities (100% owned and operated by TAG) now in place, the Company is able to rapidly commercialize any new discoveries and leverage its strong Taranaki-region operational position. This includes maximizing TAG Oil’s position as a completely independent processor,…

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TAG to Transfer Stake in New Zealand Power Generator to Coronado Resources

Vancouver, B.C. – May 15, 2013 – TAG Oil Ltd. (TSX: TAO; OTCQX: TAOIF), reports that it has agreed to sell its 90% stake in Opunake Hydro Limited (“OHL“), an established electricity generator and supplier in New Zealand, to Coronado Resources Ltd. (TSX-V: CRD; OTCQX: CRDAF) in exchange for common shares of Coronado valued at approximately CDN$5,000,000. The common shares of Coronado being issued to TAG Oil and the vendor of the remaing 10% interest represents full consideration paid by Coronado to acquire 100% of the issued and outstanding shares of…

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