Field news and more

An on-site tour with analysts and investors

TAG Oil recently hosted a two-day site visit for analysts and investors at its offices and operations in New Zealand. Fortunately the weather cooperated and the TAG team was able to give its guests a day-long tour of TAG’s properties, followed by an in-depth presentation covering TAG’s operations and opportunities in New Zealand and Australia.…

Read More >

Break-even oil prices

Fitch Ratings, a global leader in financial information services, has offered up their per barrel of oil, break-even statistics on some of the major oil-producing nations in the Middle East, Africa and North Asia. To estimate the break-even price to attain a balanced budget, Fitch used an oil forecast of $52.50 a barrel, on average.…

Read More >

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 industry are still making a bullish case for crude. Bullish factors include: The possibility of OPEC extending their output cut past June Falling U.S. gasoline inventories Production halts in the North Sea and Canada have…

Read More >

Another glowing Festival of Lights

One of New Zealand’s favorite events of the summer scene is the TSB Festivals of Lights held in Pukekura Park. During the Festival, the Park—which is one of New Zealand’s premier botanical gardens—is transformed into an illuminated wonderland.  The event attracts more than 100,000 visitors each year, with daytime events for children and families, and…

Read More >

Coming in 2017…

The lengthy oil price slump was positive for TAG Oil in certain ways, such as pushing us to lower production costs and increase reserve and production growth through work overs and acquisitions. We remained conservative, but as oil sentiment shifts into high gear, we’re more than ready to get back to exploring.  To fund the…

Read More >

Taranaki operations update

In case you missed our recent press release, here’s what’s happening on the operations’ front with TAG Oil’s Taranaki Basin operations. We’re planning several upcoming interventions to improve and stabilize flow rates out of the Cardiff-3 well, to correct formation damage incurred during drilling in 2013. Recent production rates from the Cheal-B show that the…

Read More >

Gravity: It’s heady stuff!

TAG Oil’s Gravity Survey of the Puka permit has been completed.  The purpose of this testing is to measure small variations in the earth’s gravitational field, as little as 0.01%, which the TAG team uses as a tool to interpret the subsurface geology. Here’s how the gravity survey procedure works: The base plate is pressed…

Read More >

The Great Waiting Game

The Sprott Energy Fund is a long-term capital growth fund which invests primarily in equity and equity related securities of companies involved in exploration, development, production and distribution of oil, gas, coal, or uranium, and other related activities in the energy and resource sector. Each month The Sprott Energy Fund releases a monthly commentary.  For…

Read More >

299 million years old and still giving

The Permian Basin of West Texas and Southeast New Mexico is not only one of the best known oil and gas producing regions, it’s also one of the most prolific! Since 1921, the Basin has produced a massive 30 billion barrels, and it’s still going strong.  With an exponential potential—in part to new extraction techniques—the…

Read More >