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Photos from the Cheal D-1 exploration well

TAG Oil’s Cheal-D1 exploration well has been successfully drilled and cased. We still have another two weeks to wait for results, however, as we are completing testing on an 18m section of high quality gas and condensate-bearing sands.  During this wait period, we thought shareholders would like to see a few pictures that the TAG…

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Benefiting from the lows in the energy market

It’s been a long few years for oil producers, including TAG Oil. The ongoing oil-price slump has driven a lot of positives for TAG, such as lowering costs across the board and proving to our shareholders that we are more resilient than the many producers who have suffered, and even had to close their doors.…

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Global gas: evolution and transformation

The IEA is predicting a 1.6% rise in natural gas demand every year for the next five years, with consumption reaching 4,000 bcm in 2022, up from 3,630 bcm in 2016. The change is partially driven by growing demand in developing economies: in fact between 2005 and now, countries consuming liquid natural gas grew from…

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Shale may face tough times…again

Oil prices are taking a toll on everyone, including shale producers who are slashing their Capital Expenditures (CAPEX) in dramatic ways.  With oil prices trading between $40 and $50 as of late, it is starting to impact US shale production and growth. The EIA (U.S. Energy and Information Administration) and leading investments banks have also…

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ERC Equipoise Oil Price Review Report – 2017 Q3

TAG Oil is pleased that ERC Equipoise has given us permission to share their 2017 Q3 oil price review with our followers. Through forecasts from SEC, petroleum consultants, oil analysts and their own assumptions, ERCE’s report gives investors an in-depth look to understand the fundamentals and trends of the oil markets. Download the full PDF…

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Algorithms confound long-time oil traders

Oil markets continue to puzzle followers, and investors and energy analysts, along with us at TAG Oil, are always looking for the root causes. As energy analysts are saying—based on fundamental information—prices should be rising.  But even with OPEC announcing cut extensions, oil prices dropped roughly 5%. Many fingers are now being pointed at algorithmic…

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Lifting the shares of oil and gas exploration companies?

Could sentiment towards oil be shifting? As demand exceeds supply, Citigroup Senior energy analyst Eric Lee sees oil rising by 35% later this year, heading to $60.  Featured in Barron’s, Lee had foreseen the current drop when oil was over $100 a barrel.  In fact, he believes the main culprit for the continued oil low…

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SNN interviews TAG Oil VP of Corporate Development

While in New York at the Marcum Microcap Conference, TAG Oil VP of Corporate Development, Chris Beltgens, was interviewed by StockNewsNow and we have the video for you. StockNewsNow is a microcap financial news portal that features news and insights from the microcap and emerging growth financial community for both private and public companies. They…

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From oil glut to oil shortfall

These days, the focus is all on OPEC cuts and shale output, but there is another piece of the oil puzzle that the markets are missing. Mature fields from China to North America are declining—5.7% last year alone, the fastest since 1992. OPEC cuts will be assisted by further declines in 2017, if oil prices…

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