Poised for Growth

High-impact, reserve based growth

For TAG Oil the greatest opportunities still lie ahead.  We are an established oil and gas exploration and production company at the forefront of 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.

Financially secure to wait out low oil prices

TAG Oil Q1 activitiesA recent analyst report accurately highlights where we at TAG Oil feel we sit amidst our industry’s current turmoil. The fact that we remain debt free with $26.1 million of positive working capital, and that we’re generating positive cash flow even in this low oil price environment, reflects the company’s stability and long-term positioning.

That means despite low oil prices, TAG Oil does not need to raise additional capital to fund its current or future operations. We can continue to weather the low oil price environment and will adjust capital spending budgets as needed to ensure we maintain our strong working capital position and balance sheet.  Read more >>

 

Why rig counts count

Active drilling rigs act as a leading indicator not only for demand of products used in drilling, completing, producing and processing hydrocarbons, but for the amount of hydrocarbons actually produced and sent to market. As noted in Market Realist last week, “Crude oil prices seemed to be recovering from lows in…  

Blog_Rig Count + Production Chart

 

 

 

 

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Geology Rocks!

It was a fulfilling and engaging week of learning as 17 lucky students and four teachers got an in-the-field perspective of why Geology Rocks. The program, run by the Hawkes Bay Branch of the Royal Society, harnessed local educational resources such as the National Aquarium, the Holt Planetarium, Faraday Centre and Napier’s Museum to foster …

TAG Oil Community Involvement, Geology Rocks!

 

 

 

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TSX : TAO
OTCQX : TAOIF
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News

TAG Oil Reports Increased Revenue in Q1 Results

Vancouver, B.C. – August 17, 2015 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report the first quarter results for the fiscal year ending March 31, 2016. The Company achieved revenue of $10.4 million during the quarter, a 7% increase compared to $9.7 million for the previous quarter ended March 31,…

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