TAG Oil Ltd. is an exploration-driven oil and gas production company at the forefront of activity in Australasia. We are a financially strong, established, high-netback oil producer, with several new oil and gas fields under development, and high-impact exploration prospects in proven prolific oil and gas fairways in New Zealand and Australia; New Zealand and Australia are both recognized for their stability and significant untapped, oil and gas exploration potential. TAG Oil has a rich history of success, and our greatest opportunities still lie ahead.
TAG Oil is entering into the next phase of its reserve and production growth, and with a budget of C$27.4 million, we’re introducing an exploration-focused capital program. Our team’s extensive review of a wide range of promising oil and gas targets have identified the following opportunities, including at least five exploration wells during fiscal 2018.
We expect to exit the year with an increase in oil and gas production to ~1,900 boe/d. With a stronger Brent Oil price, that could leave us with more than our planned revenue of ~C$28 million. Read more here »
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…Read More View All