Creating New Zealand's Leading Oil and Gas Company
TAG Oil's short-term goals are to increase revenues from our existing discoveries through more streamlined production and reduced costs.
TAG Oil's leadership team has demonstrated success implementing the Company's strategy, building significant shareholder value and positioning the Company for significant growth over the next two to three years.
Ongoing plan components such as production, development, technology, prospect generation, overlooked opportunities, high-impact exploration and other new ideas—as well as further acquisitions—are all part of the forward-looking strategy and long-term vision to become New Zealand's leading energy company.
Short-Term Strategies in Support of Long-Term Growth
TAG Oil's short-term strategy is straightforward: to fully develop the Cheal and Sidewinder light oil discoveries, increasing cash flow while allowing TAG to grow with minimal share dilution.
Simultaneously, but with a longer view, we continue to leverage technology to mine unconventional sources for data and prospects in pursuit of oil and gas plays in the tight oil source rocks of the East Coast Basin.
As a result, TAG Oil plans to create an oil and gas reserve base that can both contribute to and benefit from the world's insatiable demand for energy.