TAG Oil News

2018 News

TAG Oil Announces Resignation of Founder and Chairman, Alex P. Guidi

Vancouver, B.C. – January 30, 2018 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) announces that its Founder, Chairman and Director, Alex P. Guidi, has resigned to pursue other opportunities, effective immediately. Alex P. Guidi commented, “I have sincerely enjoyed working with TAG Oil, but after an exciting thirty plus years in the international oil and gas industry, I am going to focus my attention on interests outside of this industry.” Mr. Guidi further stated, “At this time, I wish to thank everyone at TAG Oil and I am…

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TAG Oil to Drill High Impact Exploration Well and Provides Operational Update

TAG Oil and its joint venture partner (Melbana Energy - 30% WI) have begun operations on the Pukatea-1 high-impact exploration well. The Nova-1 drill rig is expected to be mobilized to the drilling pad by mid-January...

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TAG Oil Reports Q2 2018 Results

Vancouver, B.C. – November 14, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) reports its second quarter results for the interim period ending September 30, 2017, highlighted by an 11% increase in revenues and a 34% increase in operating netbacks from the previous quarter. TAG Oil also added 809 gross acres to its petroleum mining permit portfolio with PMP 60291, which has been sectioned off from its existing Cheal East permit (PEP 54877). Toby Pierce, TAG Oil’s CEO, commented “The Company had a…

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TAG Oil Provides Operational Update

Vancouver, B.C. – October 19, 2017 – TAG Oil Ltd. (“TAG”) (TSX: TAO and OTCQX: TAOIF) announces the following update on its operations in New Zealand and Australia. New Zealand Net production to TAG in New Zealand averaged approximately 1,110 boe/d over September, which is down slightly from the 1,169 boe/d (79% oil) average over the three months ended June 30, 2017. The decline is the result of several factors, but is primarily due to the Cheal-A12 well being shut-in due to a pump failure and the waterflood response taking…

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TAG Oil Announces Election of Board of Directors

Vancouver, B.C. – September 6, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) is pleased to announce the results from its 2017 annual general meeting of shareholders (the “Meeting”) held in Vancouver, B.C. on September 5, 2017. All six of the nominees listed in TAG Oil’s management information circular dated August 2, 2017, that were proposed by management for election to the board of directors at the Meeting were duly elected. The directors will remain in office until the next annual meeting of…

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TAG Oil Provides Update on Cheal-D1 Testing

Vancouver, B.C. – September 5, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) announces the completion of drilling and testing operations at the Cheal-D1 exploration well, which is located near the northern portion of TAG Oil’s 70% working interest and operated Cheal East permit (PEP 54877) in the Taranaki Basin of New Zealand. TAG Oil drilled and completed the Cheal-D1 well approximately five days ahead of schedule and under budget to a total measured depth of 2,400 m. The Company perforated an 18…

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TAG Oil Reports Q1 2018 Results

Vancouver, B.C. – August 14, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) is pleased to report first quarter results for the fiscal year ending March 31, 2018. Most notably, the Company successfully drilled and flow tested the Cheal-E8 exploration well on its 70% working interest and operated Cheal East permit (PEP 54877) located in the Taranaki Basin of New Zealand, which has since been tied-in to TAG Oil’s existing infrastructure as a permanent producer. Further, the Company is also pleased to announce…

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TAG Oil Reports FY2017 Results

Vancouver, B.C. – June 29, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) is pleased to report the annual and fourth quarter results for the fiscal year ending March 31, 2017. Specifically, the Company successfully increased its total gross proven plus probable (“2P”) reserves for FY2017, while also increasing its oil and gas production, revenue from sales and operating netbacks during the quarter. TAG Oil continues to remain well organized and focused on its core producing operations, which have demonstrated substantial upside potential…

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TAG Oil Announces an Increase in FY2017 Independent Reserves Results

Vancouver, B.C. – June 20, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) confirms that ERC Equipoise Ltd. (“ERC”), a qualified reserves evaluator in accordance with National Instrument 51-101 and the Canadian Oil and Gas Evaluation Handbook, has completed its independent reserves assessment on the Company’s interests within the Cheal (PMP 38156), Cheal East (PEP 54877) and Sidewinder (PMP 53803) permits, dated and effective March 31, 2017. ERC has assigned a pre-tax net present value of $82.12 million (FY2016: $45.92 million), using a…

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TAG Oil Completes Payment of Dividend of Common Shares of Coronado Resources Ltd.

Vancouver, B.C. – May 25, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) announces that the Company has completed the distribution of its approximately 2,785,029 Coronado Resources Ltd.’s (“Coronado”) common shares (the “Coronado Shares”) to its shareholders of record (the “Dividend”) at the close of business on May 9, 2017 (the “Record Date”). TAG Oil’s shareholders received approximately 0.0326 of a Coronado Share for each common share of TAG Oil held as of the Record Date. The 2,785,017 Coronado Shares distributed by the…

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