Field news and more

Cheal production infrastructure update

The guys in the field are pushing hard to get the bulk of the Cheal infrastructure upgrades done in March, 2013, allowing us to initiate some increased oil and gas production shortly thereafter, and getting our higher capacity production fully online by late March as planned. But we slowed them down long enough to snap some photos, so we could keep abreast of the activity.    

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TAG’s East Coast Basin Exploration: Onward and Upward!

TAG Oil has experienced heavy trading activity recently, with over 13 million shares traded in January. This is due in part to the news that Apache has exited our East Coast Basin joint venture as part of their global corporate repositioning.   We have strong support from analysts following TAG, and the entire TAG team including large shareholders are delighted to take back 100% control of the project, sending out positive feedback to the investment community.   We’re happy to move forward with the strong technical work that TAG and Apache…

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TAG Oil as Taranaki Basin corporate citizen

One way TAG Oil is pleased to support our community is by helping to refurbish Ngaere School’s Lowgarth Hall with a $5,000 a year award for the next five years. This year’s grant went towards upgrading the lighting and heating systems. Though New Zealand is in the midst of summer, they’re looking ahead, and this work will make the Hall much more comfortable for the many groups that use it year-round. In addition, the upgrades will reduce the amount of energy used, and the school’s power bills.   In other…

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