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|