TAG Oil News

2017 News

TAG Oil Announces Success at the Cheal-E8 Exploration Well

Vancouver, B.C. – May 24, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) is pleased to announce the successful drilling and flow testing of the Cheal-E8 exploration well, which will now be tied-in to TAG Oil’s existing infrastructure as a permanent producer. The Cheal-E8 well was drilled on TAG Oil’s 70% working interest and operated Cheal East permit (PEP 54877) in the Taranaki Basin of New Zealand. The well was drilled and completed on time and on budget to a total measured depth…

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TAG Oil Announces Dividend of Common Shares of Coronado Resources Ltd.

Vancouver, B.C. – April 28, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) announces that the Company will distribute approximately 2,785,029 common shares of Coronado Resources Ltd. (the “Coronado Shares”) to its shareholders of record (the “Dividend”) at the close of business on May 9, 2017 (the “Record Date”). The ex-distribution date will be May 5, 2017, and the payment or distribution date of the Dividend will be on or about May 25, 2017. Upon completion of the Dividend, TAG Oil’s shareholders will…

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TAG Oil Announces FY2018 Capital Budget and Guidance

Vancouver, B.C. – April 19, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) announces that the capital budget for the Company’s 2018 fiscal year (April 1, 2017 to March 31, 2018) will be up to approximately C$27.4 million, which will be funded entirely by forecasted cash flow and working capital on hand. A further C$8.4 million of incremental capital expenditures are contingent mainly on the status of locating suitable joint venture or farm-in partners and notable improvements in oil prices. Farm-out discussions have…

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TAG Oil Provides Update on Operations in the Taranaki Basin of New Zealand

Vancouver, B.C. – March 22, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) is pleased to provide the following update of its operations in the Taranaki Basin of New Zealand. Net production to TAG from its Cheal and Sidewinder fields has recently averaged approximately 1,300 boe/d (~80% oil) over February 2017. PMP 38156 (Cheal and Cardiff, 100% TAG) Clean up and testing operations are continuing on the Cardiff-3 well, which continues to flow intermittently at rates of 200 boe/d. TAG is planning several upcoming…

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TAG Oil Closes Short-Form Prospectus Offering of Approximately $15 Million

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Vancouver, B.C. – March 20, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) is pleased to announce that it has closed the previously announced short form prospectus offering for aggregate gross proceeds of C$14,995,500 (the “Offering”). Pursuant to an agency agreement dated effective as of February 15, 2017, the Company, through a syndicate of agents co-led by Mackie Research Capital Corporation and Pareto Securities Ltd., and including Eight Capital, GMP Securities L.P., Roth…

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TAG Clarifies Technical Disclosure

Vancouver, B.C. – March 10, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) announces that, as a result of a review by the British Columbia Securities Commission and the Alberta Securities Commission in connection with the Company’s previously announced short form prospectus offering, the Company is issuing this news release to clarify and retract certain technical disclosure. The news releases of the Company issued on December 6, 2016 and February 15, 2017, as well as the short form prospectus marketing materials dated February…

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TAG Oil Announces Upsize of Short-Form Prospectus Offering

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Vancouver, B.C. – February 21, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) is pleased to announce that, further to its press release on February 15, 2017, due to strong demand, the Company has increased the size of its previously announced short form prospectus offering (the “Offering”) to up to 23,070,000 units (“Units”) of the Company at a price per Unit of C$0.65 for aggregate gross proceeds of up to C$15,000,000. The Offering is being…

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TAG Oil Announces Short-Form Prospectus Offering To Raise Up To $10 million to Accelerate Development Activities and High Impact Drilling Program

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Vancouver, B.C. – February 15, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) is pleased to announce that it has entered into an agreement with Mackie Research Capital Corporation and Pareto Securities Ltd. acting as co-lead agents and joint bookrunners on behalf of a syndicate of agents (collectively, the “Agents”), in connection with an agency offering on a commercially reasonable basis for aggregate gross proceeds up to C$10,000,250 (the…

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TAG Oil Reports Q3 2017 Results and Updates Recent Activities

Vancouver, B.C. – February 13, 2017 – Oil and gas exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to report third quarter results for the fiscal year ending March 31, 2017, in which oil and gas production, revenue from sales, and operating netbacks increased. Production over the month of February to date is above guidance with a current net daily average rate of 1,293 BOE/d (79% oil). TAG remains disciplined and focused on optimizing and exploiting opportunities within the Company’s core producing operations, which…

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TAG Oil Expands Oil & Gas Operations into Australia

Vancouver, B.C. – January 31, 2017 – International oil and gas production company TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce that the Company’s wholly owned Australian subsidiary, Cypress Petroleum Pty Ltd. (“Cypress”), has closed the purchase of 100% interest in Petroleum Lease 17 (“PL 17”) from privately held Southern Cross Petroleum & Exploration Pty Ltd. (“Southern Cross”). PL 17 is an oil and gas production permit and high-value exploration acquisition that covers 104 km2 (25,700 acres) in the Surat Basin, one of Australia’s first producing…

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