TAG Oil News

2011 News

TAG Oil’s Cheal-B5 Discovery Well Flow Tests 1700 Barrels of Light Oil per Day

Vancouver, B.C. – December 5, 2011 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report the Cheal-B5 discovery well is naturally flowing at an average rate of 1,870 barrels of oil equivalent per day, consisting of 1,700 barrels of oil and 1.0 million cubic feet of gas per day flowing through a 40/64″ choke over a five-day test period.  TAG perforated and flow tested 20 meters of continuous oil-and-gas pay in the Cheal-B5 well within the 35 meters of net pay intercepted within the primary Mt. Messenger Formation…

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TAG Receives Consent to Drill 18 Wells at Cheal,and Agreement to Bring New Drill Rig into New Zealand

Vancouver, B.C. – November 28, 2011 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF),reports that the Company has received consent from the Taranaki Regional Council (TRC) and the Stratford District Council (SDC) to drill 18 new wells within TAG’s 100%-owned Cheal Oil and Gas Field in New Zealand.  The final decision granting consent in support of TAG’s drilling operations was handed down by the SDC-appointed independent commissioner after an affected landowner requested a hearing. The consent grant is subject to an appeal process that must be lodged within 15 days of…

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Cheal Production and TAG Development Activities Continue as Planned: Clarification on Incorrect Reports in New Zealand Media

Vancouver, B.C. – November 21, 2011 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), a Canadian-based production and exploration company with extensive operations in New Zealand, advises the Taranaki Daily News has incorrectly reported that TAG had stopped production at the Cheal Oil and Gas Field.  This article entitled “Drilling opposition puts 42 out of work” reported that “TAG Oil Ltd. stopped production while it waits for resource consent for 18 new wells at its Cheal sites near Stratford.” This report is inaccurate. TAG wishes to clarify that production has not…

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TAG Files Q2 Fiscal 2012 Financials and Reports Significant Increase in Revenue and Cash Flow

Vancouver, B.C. – November 15, 2011 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), a Canadian-based production and exploration company with extensive operations in New Zealand, reports the Company has filed its September 30, 2011 condensed consolidated unaudited financial statements and management discussion and analysis with the Canadian Securities Administrators for the second quarter of the Company’s 2012 fiscal year. Copies of these documents can be obtained electronically at www.sedar.com, or for additional information please visit TAG Oil’s website at https://tagoil.com/. September 30, 2011 Results (Q2 – 2012 fiscal year) Production revenue increased…

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TAG Provides Cheal Operational Update

Vancouver, B.C. – November 2, 2011 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) is pleased to report continued positive drilling results at the Cheal field, with the completion of the first two wells of a ten-well drilling campaign. Electric log analysis of these wells indicates high-quality oil pay in the targeted Mt. Messenger and Urenui Formations. A pumping unit is currently being mobilized to the field for extended well testing. The Company is also pleased to announce the spudding of the Cheal-B5 appraisal / development well, which will target the…

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TAG Commences Full-Time Gas and Condensate Production at Sidewinder Discovery

Vancouver, B.C. – October 31, 2011 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF)is pleased to announce completion and commissioning of the Sidewinder Production Facility and 3.5km pipeline located in the onshore Taranaki Basin, New Zealand. This facility is designed to handle up to 30 million cubic feet of gas production per day, as well as any oil production, and was constructed following the first four successful Sidewinder exploration wells drilled earlier this year. Initial commissioning rates from the first two Sidewinder wells tied into the facility are currently between 6…

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TAG Oil Reports Strong Q1 Financial and Record Production Revenue

Vancouver, B.C. – August 11, 2011 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF)advises that the Company has filed its June 30, 2011 unaudited financial statements and Management Discussion and Analysis with the Canadian Securities Administrators for the first quarter of the March 31, 2012 fiscal year. Copies of these documents can be obtained electronically at www.sedar.com. For additional information, please visit TAG Oil’s website at https://tagoil.com/. June 30, 2011 Corporate and Financial Highlights (Q1 Fiscal 2012): Production revenue increased to $5,853,101 compared to $1,813,730 in Q1 2011. TAG produced 56,509 and sold…

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TAG embarks on a ten-well development drilling campaign in the Taranaki Basin

Vancouver, B.C. – August 11, 2011 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) is pleased to report that drilling operations have now resumed at the Company’s 100%-owned Cheal oil and gas field, with the spudding of the Cheal-C2 well. TAG anticipates drilling five new wells at Cheal before moving the drill rig to the Sidewinder oil and gas field, both oil and gas fields are located in the onshore Taranaki Basin, New Zealand.  This next phase of development drilling will continue to target the multi-zone Miocene prospects identified on 3D…

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TAG Enters Into Farmout Agreement With Apache Corporation on New Zealand Acreage in the East Coast Basin

Vancouver, B.C. – September 2, 2011 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) is pleased to report that it has entered into a farmout agreement (“Agreement”) with Apache Corporation (“Apache”) to explore and potentially develop oil and natural gas resources in the East Coast Basin of New Zealand.  Apache has agreed to conduct a multi-phased exploration, appraisal and potential development program within TAG’s East Coast Basin exploration permits PEP 38348, PEP 38349 and PEP 50940 (“the Permits”). The Permits comprise in excess of one million prospective acres of onshore oil…

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TAG Confirms New Oil and Gas Discoveries in Taranaki Basin Exploration Wells

Vancouver, B.C. – August 11, 2011 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) is pleased to report that strong test results confirm new oil and gas discoveries in the Sidewinder-2 well and the Cheal-C1 well, both located in the Taranaki Basin, New Zealand.  Lower Mt. Messenger Oil Discovery in Sidewinder-2 Well TAG has completed isolated flow testing on oil-and-gas-bearing zones discovered in the Sidewinder-2 well. These additional productive zones were encountered in the shallower Urenui Formation and in the lower Mt. Messenger Formation, below the main Sidewinder gas zone discovery,…

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