TAG Oil News

2015 News

TAG Oil Updates New Zealand Production and Operations

Mr. Alex Guidi provides an update on the Company’s Taranaki Basin oil and gas production, operations, and coming drilling activity.

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TAG Oil’s Founder and Chairman Alex Guidi Named Interim CEO

Vancouver, Canada – March 10, 2015 – Canadian-based, New Zealand oil and gas producer TAG Oil Ltd., (TSX: TAO and OTCQX: TAOIF) is pleased to announce that Mr. Alex Guidi – the Company’s Chairman and founder – has been appointed interim Chief Executive Officer.

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TAG Oil Records Increasing Oil Production and Q3 Results

Vancouver, B.C. – February 17, 2015 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report the third quarter results for fiscal year ending March 31, 2015. The Company achieved operating revenues of $12.28 million during the quarter, and average daily production grew 8% to 1,991 BOE/d (77% oil) compared to 1,845 BOE/d (78% oil) last quarter. Growing TAG’s oil production from its core Taranaki Basin oil field development area has been – and will continue to be – a priority, and has been trending consistently upwards…

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TAG Oil Announces Executive Changes

VANCOUVER, Feb. 11, 2015 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), announced today that Chief Executive Officer and Director, Garth Johnson, and Chief Operating Officer, Drew Cadenhead, have submitted their resignations, but they will continue in their respective roles during a transition period to support the appointment of new executives. Founder and Chairman of TAG Oil, Alex Guidi, wishes Messrs. Johnson and Cadenhead the very best for the future, and thanks them for their significant contributions and a forward-looking approach to the development of TAG Oil. TAG Oil CEO, Garth Johnson commented on today’s…

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TAG Announces Election of Board of Directors

Vancouver, B.C. – January 27, 2015 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce the results from its 2014 annual and special meeting of shareholders (the “Meeting”) held in Wellington, New Zealand on January 27, 2015. All of the five nominees listed in the Company’s management information circular dated December 19, 2014 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…

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TAG Oil Updates Cheal-E6 and Cheal-E7 Wells

Vancouver, B.C. – December 15, 2014 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report progress of the Cheal-E-JV-6 well (Cheal-E6) and Cheal-E7 wells, located in New Zealand’s Taranaki Basin where TAG Oil has extensive oil and gas operations. These new wells continue to demonstrate the prospectivity and the potential for further success in TAG’s Cheal acreage, which remains relatively lightly explored.  Cheal-E6 Well Testing Operations:Over a period of eleven days the Cheal-E-JV-6 well (Cheal-E6) continues to naturally free flow under a 16/64 choke at stable rates. During…

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TAG Oil Increases Exploration Interests in Taranaki Basin

Vancouver, B.C. – December 11, 2014 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), announces that New Zealand Petroleum and Minerals has awarded the Company 100% interest in two new onshore Taranaki Basin permits: Petroleum Exploration Permit 57065 (“Sidewinder North”) and Petroleum Exploration Permit 57063 (“Waiiti”). Both permits, which add a combined 36,781 acres to TAG’s Taranaki Basin exploration portfolio, are situated in a prolific oil and gas production fairway in close proximity to producing oil and gas fields. Together with the Company’s existing permits, TAG now operates ten exploration and…

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TAG Announces Share Buyback

Vancouver, B.C. – December 8, 2014 – 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 5,885,051 of its common shares. TAG has appointed Dundee Goodman Private Wealth to conduct the purchases through the facilities of the TSX. TAG Oil believes that its share price does not reflect the underlying value of the Company, and that purchasing shares for cancellation will be advantageous to the Company and its shareholders. Under TSX…

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TAG’s Cheal-E6 Well Intersects Oil- and Gas-Bearing Sands

Vancouver, B.C. – November 25, 2014 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report that the Cheal-E-JV-6 (“Cheal-E6”) well (TAG 70%), located in the onshore Taranaki Basin of New Zealand has been successfully drilled to a total depth of 1,939 meters (6,360 feet).  The Cheal-E6 step out well is interpreted to have intersected over 9 meters (29.5 feet) of net oil and gas bearing sands in the Mt. Messenger Formation, which was the main objective of the well. Cheal-E6 is being completed as a potential oil well…

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TAG Oil Reports Consistent Production Growth and Record Quarterly Revenue

Vancouver, B.C. – November 14, 2014 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to announce the Company achieved record operating revenue of $16.2 million for the second quarter ending September 30, 2014, up from $15.5 million in the first quarter, in combination with consistent production growth averaging 1,845 barrels of oil equivalent per day (78% oil) during Q2 operations and 1,990 (76% oil), boe/d in October 2014. Based on the growing oil production trends from its Taranaki Basin operations, TAG is pursuing a number of alternatives with a…

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