Reserves and resources

Reserves growth with substantial upside

TAG Oil expects to grow its production and reserves in New Zealand and Australia through acquisition, development, exploitation and appraisal of existing oil and natural gas discoveries. In addition, TAG has significant “undiscovered resource potential” with a portfolio of defined high-impact exploration targets. 

Proved and Probable Reserves (as of March 31, 2016)
Taranaki Basin, Cheal, Sidewinder (bbls Oil) Oil (bbls) Solution Gas (mcf) Oil Equivalent (boe)
Proved and Probable Reserves* 3,384,000 1,416,000 3,619,000
Possible Reserves 1,370,000 998,000 1,536,000
Total 4,754,000 2,413,000 5,156,000

Earnings Report

Year End 2016 Financials Web icon

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