TAG Oil News

2016 News

TAG Oil Provides Corporate Update

Vancouver, B.C. – April 7, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) announces that its Chief Financial Officer, Chris Ferguson, has submitted his resignation to pursue other opportunities, but will continue in his respective role during a transition period to support the appointment of Barry MacNeil who will be replacing Mr. Ferguson on an interim basis. Mr. MacNeil is a qualified Chartered Professional Accountant who has more than 20 years of accounting experience in public and private practice. He has worked as a corporate accountant for a…

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TAG Oil Provides Preliminary Year End Results

Vancouver, B.C. – April 7, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to report preliminary results for its fiscal 2016 year ending March 31, 2016 as follows: The Company exited the fiscal year with $15.3 million in cash and cash equivalents with no debt and 62,212,252 common shares outstanding. Over the course of the fiscal year ending March 31, 2016, the Company achieved average gross daily production of 1,585 BOE/D (72% oil), and average net daily production of 1,390 BOE/D (74% oil). Capital expenditures totalled…

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TAG Oil Provides Operations Update

Vancouver, B.C. – March 22, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) announces that the operator of the offshore Kaheru permit (New Zealand Oil & Gas) has submitted an application to the regulator to surrender the permit on behalf of the PEP 52181 joint venture, upon which TAG holds...

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TAG Oil Announces Cancellation of Share Options

Vancouver, B.C. – March 11, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) announces that it has cancelled 1,155,000 share options, which were previously granted to insiders of the Company, by mutual agreement between the Company and each of the optionees. The share options were originally granted between July, 2011, and December, 2013, and were exercisable at prices ranging from $5.00 to $7.00 for a period of five years from the date of grant. << Back to News TAG Oil Ltd. TAG Oil Ltd. (https://tagoil.com/) is a development-stage…

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TAG Oil Announces Henrik Lundin as Chief Operating Officer and David Bennett as Technical Director

Vancouver, B.C. – March 3, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce that Mr. Henrik Lundin accepted the appointment as Chief Operating Officer, commencing on or about June 27, 2016, and will be based in the Company’s operations’ office in New Plymouth, New Zealand. Mr. Lundin is an experienced oil and gas engineer who holds a BSc in Petroleum Engineering from the Colorado School of Mines in Colorado, United States. Mr. Lundin’s career as a reservoir engineer has developed through his experience in…

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TAG Oil Reports Q3 Results

Vancouver, B.C. – February 16, 2016 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report the third quarter results for the fiscal year ending March 31, 2016, in which the Company was able to increase its average net daily oil production by 2% to 945 bbl/d from the previous quarter. This increase is primarily due to the Cheal-A1, B5 and B1 wells returning to production during the quarter following the completion of the workover program. Oil and gas production remains relatively stable following the quarter with…

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TAG Announces Election of Board of Directors and Provides Operations Update

Vancouver, B.C. – December 18, 2015 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce the results from its 2015 annual general meeting of shareholders (the “Meeting”) held in Vancouver, B.C. on December 18, 2015. All of the six nominees listed in the Company’s management information circular dated November 19, 2015 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 the Company’s shareholders or until their successors…

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TAG Announces Share Buyback

Vancouver, B.C. – December 8, 2015 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports that subject to the acceptance of the Toronto Stock Exchange (the “TSX”) the Company intends to purchase and cancel up to 5,151,961 of its common shares, which is 10% of the public float as at December 2, 2015. TAG has appointed Dundee Goodman Private Wealth to conduct the purchases through the facilities of the TSX. While TAG Oil plans to spend the bulk of its capital on its current asset base, the Company would…

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TAG Oil Reports Increased Cash Position in Q2 Results

Vancouver, B.C. – November 16, 2015 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report the second quarter results for the fiscal year ending March 31, 2016. The Company managed to increase its cash position by $0.9 million to $21.4 million, compared to $20.5 million for the previous quarter ended June 30, 2015, and remains committed to reducing operating and administrative costs wherever possible. As a result of the ongoing challenges posed by the economic climate and low oil prices that have stretched beyond a year…

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TAG Oil Reports a Reduction in Forward Guidance and Reduced Capital Spending

Vancouver, B.C. – October 14, 2015 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is cutting its forward guidance and planned capital expenditures for the remainder of fiscal 2016 in response to the low commodity price environment, and due to a slower than expected ramp up of our workover program in the Taranaki Basin of New Zealand. TAG will focus on preserving capital, continuing with a reduced workover program and reducing costs. GUIDANCE AND OUTLOOK FOR THE REMAINDER OF FISCAL YEAR 2016 TAG is reducing its 2016 average production…

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