Opportunity Meets Impact

High-value exploration & production growth

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.

Exploration and production growth plans for FY 2018

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.

Exploration includes:

  • Drilling two exploration wells at Sidewinder East
  • Drilling two exploration wells at Cheal East
  • Drilling one exploration well at Puka
  • Set drilling opportunities at Sidewinder North and PL17 after seismic data is taken and evaluated
  • Commercialize the Supplejack (PEP 57065) gas discovery
  • Continued appraisal of the Cardiff field

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 »

Break-even oil prices

Fitch Ratings, a global leader in financial information services, has offered up their per barrel of oil, break-even…

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Bullish or Bearish, TAG Oil continues to thrive

Despite the millions of barrels of oil sitting in storage and the increase in U.S. shale output, many in the…

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TSX : TAO
OTCQX : TAOIF
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News

TAG Oil Announces FY2018 Capital Budget and Guidance

Vancouver, B.C. – April 19, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) announces that the capital budget for the Company’s 2018 fiscal year (April 1, 2017 to March 31, 2018) will be up to approximately C$27.4 million, which will be funded entirely by forecasted cash flow and…

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