Skip links

Blog

< News

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 Capital Partners LLC, TD Securities Inc., M Partners Inc. and

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 21, 2017 (the “Documents”), referred to a resource estimate at

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 conducted through Mackie Research Capital Corporation and Pareto Securities Ltd., acting

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 “Offering”). The Offering will consist of the offering for sale

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 has demonstrated substantial upside potential for near-term production and reserve

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 basins. It is located in a light-oil discovery trend, and

TAG Announces Normal Course Issuer Bid Renewal

Vancouver, B.C. – December 8, 2016 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF, “TAG”), reports that the Toronto Stock Exchange (the “TSX”) has approved TAG’s request to renew its normal course issuer bid to purchase and cancel up to 2,000,000 of its common shares, which is 3.9% of its 51,023,013 common shares in the public float as at December 8, 2016. TAG has appointed Echelon Wealth Partners to conduct the purchases through the facilities of the TSX. While TAG plans to spend the bulk of its capital on its current asset base, TAG would also like to maintain

TAG Oil Reports Successful Testing at Cardiff and Supplejack

Vancouver, B.C. – December 6, 2016 – Oil and gas exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF, “TAG”), announces successful initial flow testing at the Cardiff field and further information on its Supplejack-1 well flow testing program. Cardiff (100%) TAG is pleased to report that the Cardiff-3 well has successfully conducted an interim flow test with gas and condensate produced to surface. Based on the preliminary test results, further long term testing will need to be undertaken in order to support commercialization of Cardiff production via tie back to the TAG’s nearby Cheal A facility.

TAG Oil Reports Q2 2017 Results and Updates Recent Activities

 Vancouver, B.C. – November 14, 2016 – Oil and gas exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF, “TAG”) is pleased to report second quarter results for the fiscal year ending March 31, 2017, in which oil and gas production increased and continues to be steady and is above guidance with a current net daily average rate of 1,227 BOE/d (83% Oil) over the month of November to date.  TAG remains focused on preserving capital, as well as field optimization opportunities, prospect generation and assessing strategic acquisition opportunities in New Zealand and Australia. TAG is also

TAG Oil Reports Successful Supplejack-1 Well Test

Vancouver, B.C. – November 8, 2016 – Oil and gas exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF, “TAG”), is pleased to announce preliminary test results from the Supplejack-1 well located in TAG’s PEP 57065 permit in the Taranaki Basin of New Zealand. Testing of the Supplejack-1 well commenced on November 2, 2016 and tested at flow rates of over 7 mmscf/d before being restricted due to equipment constraints. Wellhead pressures during the test were sustained at over 1,000 psi. Testing of the well will continue in an effort to determine resource in place estimates, optimal