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Production Cost Winner: TAG Oil ranks in the top tier

There’s been a lot of debate regarding the future of oil prices (see March 19 post for one example), and everyone has their own theory about how long the low prices will last. One obvious item that informs cost, is the pure cost of production, which brings us to this graph showing what it costs to…

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BNN oil price interview with former Shell President (video)

A must-view for anyone interested in fluctuating oil prices. Former Shell President John Hofmeister gives his opinion (and ours) on why oil will be back trading at $80 by year-end. 

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On executives as shareholders

I admire corporate executives who have significant investments in their own companies. In addition to my career in the petroleum sector, I began investing in junior oil companies when I was 21.  Even from that early age, when I’d consider companies for potential investment I would do—and still do—plenty of research: reading annual reports, analyst reports, and…

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A personal shareholder profile

Here is one of TAG’s longest and most supportive shareholders, my father, Lucanio Guidi. He came to Canada by boat from a small village in the hills of Tuscany in 1952. He was 18 years old, and was determined to succeed and create a better life for his family. Arriving in Canada with his skills as…

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Welcome to the Board, Brad Holland

We’re pleased to have Brad Holland, a highly experienced oil and gas engineer, join the TAG Oil Board of Directors on March 1, 2015. He will replace Dr. Douglas Ellenor who has resigned for personal reasons. Mr. Holland holds a B.Sc. Chemical Engineering degree from the University of Alberta and has more than 35 years of…

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A note from founder and chairman Alex Guidi

Along with TAG directors Ken Vidalin and Doug Ellenor, I recently had the opportunity to spend time on the ground in New Zealand with our VP of Operations Shane Hamnett. During our working tours, Shane pointed out some low-expenditure, fine-tuning opportunities to increase production at TAG’s production facility. In this low oil-price environment, it’s especially important to…

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2014 New Zealand Petroleum & Minerals Block Offer Awards

Every year, the government of New Zealand allocates petroleum exploration permits in an annual tender called a Block Offer. This year’s was the most successful to date, with 15 permits granted, totaling 405,000 square kilometers. There was strong interest from existing operators and new players, paying off New Zealand Petroleum & Minerals’ efforts to raise…

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Cheal-E6 well perforated and production testing starts

Here are some shots of our capable contractors dropping the bar to perforate the Cheal-E-JV-6 well, as we initiated production testing. The Cheal-E6 step-out well was successfully drilled to 1,939 meters (6,360 feet), and it fulfilled its main objective: to intersect oil- and gas-bearing sands in the Mt. Messenger Formation. It’s interpreted to have intersected…

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Building strong minds and bodies

While our TAG team in North America is being buffeted by winter rains and cold temps, our New Zealand community is enjoying oncoming summer. And with the good weather come some of our favorite community sponsorship events.  Surf Life Saving: a sport and a community service Surrounded by water as we are, surf safety and…

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