TAG is firmly positioned in New Zealand and Australia, which is regarded by industry as the world’s few remaining politically stable, untapped oil and gas frontiers and TAG is at the forefront of this opportunity.
As a company, we have effectively positioned ourselves through acquisition of several timely production and advanced stage exploration acquisitions providing a strong forward growth platform for many years ahead. Prospect-rich, high-impact exploration acreage and core production acreage under development in proven prolific discovery trends, large oil/gas-in-place field development and a solid balance sheet form the foundation from which our future successes will continue to grow.
New Zealand is an economically developed country where TAG Oil can explore, develop and produce for years to come, enjoying the benefits of an international oil and gas portfolio without the political and economic disadvantages associated with many other parts of the world. New Zealand’s permitting regime and fiscal terms are ranked among the best in the world, oil produced is sold at premium world prices, and there is a thriving domestic natural gas market.Learn More
Australia is recognized by the international oil and gas community to be safe and stable, with conscientious political and governmental policies. It’s a country rich in natural resources, with the largest oil and gas reserves in the Asia-Pacific region, and its unexplored plains provide a tremendous growth platform for TAG Oil and its shareholders. Premium oil prices, a natural gas market that’s experiencing steady growth, proven production, vast reserves, and extensive infrastructure all combine to make Australia a great place for TAG Oil to do business.Learn More
* Reserves Footnote
BOEs: TAG Oil has adopted the standard of six thousand cubic feet of gas to equal one barrel of oil when converting natural gas to “BOEs.” BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
Undiscovered Hydrocarbon-In-Place (equivalent to undiscovered resources) is that quantity of petroleum that is estimated, on a given date, to be contained in accumulations yet to be discovered. There is no certainty that any portion of the undiscovered resources will be discovered or that, if discovered, it will be economically viable or technically feasible to produce.
Taranaki contingent resources were estimated by Drew Cadenhead, a full-time employee of TAG Oil Ltd., who is a qualified reserves evaluator in accordance with National Instrument 51-101.
East Coast Basin resources based on independent reports by qualified reserves evaluators for Trans-Orient dated September 2007 and September 2008. Original Hydrocarbon-In-place (BOE) – Based on 10% of Company land base.