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.
Business In Vancouver ranked TAG Oil #85 in its list of Top 100 Most Profitable Companies in British Columbia in 2014 (ranked by percentage growth in revenue between 2009 and 2013). TAG also made the list in 2012, and in 2013 the Company made the 100 Top Performing Oil and Gas Companies.
TAG Oil held its 2015 Q4 call for the year ended March 31, 2015, and we’re posting the MP3 for those of you who are interested but were unable to call in. CEO Toby Pierce and COO Frank Jacobs led the call from Vancouver, and CFO Chris Ferguson called in from New Zealand to give a rundown on the numbers.
Here’s a nice piece on TAG Oil in Seeking Alpha, written by someone who seems to get the significance of “no debt” and “high net-back oil.”Because TAG Oil is debt free, there are no loan covenant violations to worry about when there’s a down-turn. Other companies…and even countries …
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