TAG At A Glance

2011: Growing Successes

  • New light oil discoveries at Cheal
  • TAG graduates from TSX-V to the Toronto Stock Exchange (TSX)
  • Light oil discoveries at Sidewinder-2, 3 and 4 in quick succession
  • Sidewinder Production Facility breaks ground
  • Independent Sproule Int'l increases TAG's Taranaki reserve estimates
  • Trading on OTCQX International in the U.S.
  • New multi-zone light oil discovery with Cheal B4-ST
  • Cheal field drilling begins, targeting production and reserve growth

2010: Discovery and Production

  • TAG flows oil from bypassed discovery
  • Cardiff gas/condensate discovery acquired
  • Operations moving at fast past
  • TAG proves technology-driven results
  • Drilling validates tight oil prospects
  • KawaKawa tight oil prospect secured

2009: Transformation

  • TAG acquires Trans-Orient, 100% of tight oil play
  • TAG Acquires 100% of Cheal oil discovery
  • Operating costs reduced by 75% to $19 per barrel
  • Net cash flow increases by approximately 300%
  • Core acreage in the Taranaki Basin expanded by 18,465 acres
  • TAG looks forward, restructures

2008: Retrenching

  • TAG pulls up stakes in Canterbury
  • Cheal dispute settled favorably with operator Austral Pacific
  • Exploration activity slows, high risk prospects dropped, G and A slashed
  • Oil prices dip in midst of financial crisis

2007: Highs and Lows

  • TAG Oil becomes an oil producer with official opening of Cheal
  • 13,643 net barrels of Cheal oil generated only $938,838 in gross revenue
  • High commodity prices and licensing disagreements create new challenges

2006: Growth

  • The concept of Peak Oil widely accepted
  • A diverse portfolio of prospects established
  • TAG flows first oil
  • More onshore Taranaki permits acquired
  • Canaccord Adams raises $30 million for TAG with institutions to excel exploration campaign

2005: Pieces in Place

  • TAG acquires permit interests, increasing its land base to 1,512,710 net acres
  • Complex operations, including 3-D seismic and a detailed geochemical survey, managed in-house
  • More aggressive wildcat exploration drilling begins
  • Canaccord raises $15 million for TAG with institutions enhances balance sheet
  • Secures listing on TSX-V
  • Canaccord Capital Corporation sponsors TAG

2004: Establishing Roots

  • TAG increases its New Zealand acreage portfolio
  • Completes the largest onshore seismic survey ever acquired in New Zealand
  • Prospects identified in the Taranaki and Canterbury Basin

2003: Implementation

  • TAG continues to build up permit stakes in the Taranaki Basin
  • Drilling planned
  • More start-up Capital raised

2002: Emergence

  • TAG embarks on a strategic initiative to acquire projects in New Zealand
  • Still in the minority of those touting the concept of Peak Oil
  • TAG Oil is born