Field news and more

New Zealand awards TAG acreage in the Taranaki discovery fairway

A very pleased Garth Johnson (TAG Oil CEO) poses for a photo with New Zealand Minister of Energy and Resources Phil Heatley at the 2012 Block Offer awards ceremony.   At the ceremony, TAG Oil was awarded four onshore Taranaki Basin exploration blocks, expanding our acreage by another 37,000 gross acres. More importantly, it’s acreage…

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Opportunity Arises: Energy Analysts bullish on TAG Oil

A slew of analysts’ reports were released last week, uniformly positive in their outlook for TAG Oil’s exploration, production and performance prospects. For more information, please visit the Analyst page of our website.          

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Taranaki Basin Oil and Gas Operations Update

We’ve kept you up-to-date with photos of our infrastructure upgrades, but we also wanted to keep the word out that drilling and exploration continue, even amidst the important infrastructure upgrades underway to free up behind-pipe oil and gas production.   Operationally, this year’s results have exceeded expectations, with 19 Taranaki wells drilled in a row,…

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High-impact frontier exploration in New Zealand’s East Coast & Canterbury Basins

Among all the infrastructure upgrades underway to open the throttle on yield and production in the Taranaki Basin, we never lose sight of our major exploration potential: We have had great exploration success thus far but we still have bigger aspirations!   East Coast Basin activities with partner Apache Corp — which has agreed to spend up to…

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Credit Suisse analysis: TAG Oil differentiated from peers

Credit Suisse has initiated coverage of TAG Oil, citing the company’s “layers of success” that include its portfolio of assets, location of operations, strong balance sheet and successful track record and demonstrated ability to execute.   What they specifically highlighted: The 5,000 boe/d in behind pipe production that TAG is set to bring in by…

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Cheal A, B and C sites have new photos and new progress

Cheal A is bustling, with more than 100 guys working at the site at present. We’ve poured the concrete foundations for the new Cheal gas processing plant, A-11 is nearing completion, and the final hook-ups on the new power fluid pump drives (we’re pretty excited about our Schlumberger Variable Speed Drive) will be running soon.…

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National Bank Financial now covering TAG Oil

National Bank Financial initiates coverage on TAG Oil with an “Outperform” rating. They particularly appreciate the Company’s attractive valuation, the mix of Taranaki Basin conventional oil and gas production with unconventional hydrocarbon exploration in the East Coast Basin, and our three high-impact, liquids-rich, drill-ready prospects, Cardiff and Hellfire.

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TAG Oil to be added to S&P/TSX SmallCap Index

Standard & Poor’s Canadian index operations just released the results of its annual review of the S&P/TSX SmallCap Index, and they’ve announced that TAG Oil is being added to the S&P/TSX SmallCap Index. While company additions to an S&P equity index do not in any way reflect an opinion on the investment merits of the company, financial…

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Cheal Oil & Gas Production Facility upgrades: well underway

We finally have some great new shots to share from the Cheal Gas & Oil Production Facility, showing infrastructure upgrades in process, underway, and already hooked up and running. We’re working hard to free up all that behind-pipe oil and gas, and improve long-term efficiency.

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