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Electric Cars and Oil Demand

Electric cars are no longer a dream of the future. And come on, who doesn’t turn their head when a Tesla drives by? By 2030, the Paris climate deal is looking to have 100 million electric cars on the road, approximately 6.6% of the world’s car fleet.  Sounds notable, right? Even sounds like it could…

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Iraq overtakes Saudi Arabia

Coming out of supply uncertainties and offering competitive pricing, Iraq has overtaken Saudi Arabia to become the top crude supplier to India for the third straight month. India is one of the fastest growing crude consumers in the world—a position that’s expected to be maintained through 2040—importing more than 80 percent of its oil requirements.…

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Of owls and monster oil speculation

Did you know owls have long, shapely, furry legs?  Kevin Muir of the The Macro Tourist says that the existence of owls’ legs and the massive record net long speculative position in the WTI crude oil market, are the big questions of our time. Some of the aspects of the crude oil future’s market that…

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The makings of an oil deficit

Unfortunately, the OPEC and Russia nine-month production cut extension underwhelmed the markets. And they were further disappointed that OPEC and Russia didn’t commit to slashing even more barrels from the over-saturated market, which is currently about 350 million barrels above standard. On the positive side, some of those extra barrels are going to be drained…

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Dropping the Bar

Ready, set, fire! TAG Oil Production Manager, Ryan Bierele, “drops the bar” at TAG’s Cheal-E8 well. That long bar is dropped into the well, and when it reaches the firing head on the perforation guns, it sets them off to perforate the well. The results of our recent four-and-a-half-day flow test showed that Cheal-E8 naturally…

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Another APPEA for the books!

The annual Australian Petroleum Production & Exploration Association (APPEA) conference and exhibition was held in Perth May 14th to 17th, and TAG Oil was pleased to participate. APPEA is the top national body representing Australia’s oil and gas exploration and production industry. The event brings together more than 3,000 attendees and roughly 200 exhibiting companies…

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TAG distributes share dividend

Some of you have had questions regarding the dividend that TAG Oil shareholders will be issued today.  TAG Oil will dividend out its holdings of Coronado Resources Ltd.  TAG currently owns 49% of Coronado, listed on the NEX board of the TSX Venture Exchange. This has been on TAG’s balance sheet for several years, and…

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Success at Cheal-E8

The results are in! Our most recent exploration well, Cheal-E8 has naturally free flowed oil and gas on choke at an average rate of 318 boe/d over a four and a half day test. With the success of the drilling and flow testing, Cheal-E8, of which TAG has a 70% working interest, will now be…

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The Race Across America

Thirty percent longer than the Tour de France, the Race Across America is one of the hardest bike races in the world. The Race starts in Oceanside, California, and finishes in Annapolis, Maryland, covering 3000 miles, across 12 states, and climbing over 170,000 vertical feet.  Not only is it longer than the Tour, but racers…

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