For TAG Oil the greatest opportunities still lie ahead. We are an established oil producer at the forefront of exploration and production activity in the Taranaki Basin of stable New Zealand. We are a growing high netback oil producer with developing oil and gas fields, and prime acreage holder in the high impact Taranaki discovery fairway.
To continue our recent theme on oil prices: where they’re going, if they’ve hit bottom, who knew what / when, how reliable this upward trend is…here are a few perspectives that have caught our attention recently.
First, two pieces from Energy & Capital. To cut to the chase, Keith Kohl’s title is “Oil Already Bottomed, Now Time to Buy.” He cites falling rig counts and the effects of companies slashing budgets (U.S. company upstream capital expenditure declined by 12% year-over-year during the fourth quarter of 2014). Read more >
It’s one of my top priorities for TAG Oil to conduct its business in a socially and environmentally responsible way for the benefit of all stakeholders, including shareholders, employees, business partners, host and….
According to a recent EIA report, the current oversupply of oil is at about a million barrels. Compare that with 2008, when the market was oversupplied by four to five million barrels of oil, and we hit one of the worst recessions in history. Now compare that with the 1998 Asian financial crisis, when the market …
Vancouver, B.C. – June 29, 2015 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report results for the fiscal year ending March 31, 2015. The Company achieved strong revenues of $53.7 million during the year, with average daily production remaining flat at 1,856 BOE/d (77% oil), over last year however, TAG’s net oil production increased by 29% for the fiscal year to 1,425 bbl/d compared with 1,107 bbl/d in fiscal year 2014.Read More View All