Field news and more

Shallow well development and exploration drilling update

With all our recent financial news and Cardiff’s deep drilling updates, shallow oil and gas developments at Cheal and Sidewinder have gone under-reported lately. This post should bring you up to date!   Even as flow rates have stabilized, development and step out drilling are delivering excellent results. The Cheal-E1 step out well, which was placed on production last November, defined TAG’s newest producing oil site. The addition of Cheal E substantially extends the oil-saturated area of TAG’s Cheal field, and to date has produced about 90,000 bbls of oil.…

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TAG Oil’s story gets shared via OTC Markets

TAG Oil founder and Chairman Alex Guidi takes a step into the spotlight, to talk to the folks at OTC Markets.    As this month’s feature interview, we got the chance to spread the news TAG’s oil and gas drilling success, record revenues, exploration strategy, and sound financial fundamentals, as well as New Zealand’s major untapped potential.    Says Chairman Guidi, “Exploration is a risky business. However TAG Oil is an opportunity for investors to participate in a high-impact exploration company with risk mitigated by a foundation of reserves and an established production…

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Oil and gas drilling and production brought to life

We realize that we post a lot of pictures of our oil and gas permit sites here on the blog, and write press releases about our drilling process, the status of different exploration sites, production numbers, and estimated potential. Further, we talk a fair bit about how we use the safest, most environmentally conscious techniques, many of which we’re the first to bring to New Zealand. But talking about it isn’t the same as showing it.  So talented New Zealand video firm buildmedia recently put together a few videos that bring TAG…

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Forging relationships in the Asia Pacific

Thanks to all of you who dropped by the TAG Oil booth at the Hong Kong Mines and Money conference last week. IR Director Seth Kay and Exploration Geologist David Loretto reported that the gathering was energizing and informative, with speakers and attendees from around the world.   “Being one of the few oil and gas exploration and production companies exhibiting at the mining conference, we definitely stood out and attracted a lot of attention,” said Seth Kay. “This was a great step in raising awareness and increasing our exposure in this part of…

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Our offshore rig sails by the window

Here’s a snapshot we took out of TAG Oil’s New Plymouth board-room window yesterday. It’s the Ensco-107 Jack-up rig we’ll eventually be using to drill Kaheru, in transit, sitting off Port Taranaki.   The Kaheru is a prospect in shallow waters — about 22 meters deep — and just eight miles offshore, on the same thrust belt play fairway as several of Taranaki’s successful oil and gas fields. 2D and 3D seismic show this to be an offshore extension of the producing, Miocene-aged discovery trend, and we’re excited about the…

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TAG Oil meets the public at the Hong Kong Mines & Money event

We’re joining mining companies from around the world over the next few days at the Hong Kong Mines & Money show, which is in its seventh year and attracts thousands of investors. Since HK is closer to where we operate in New Zealand, we thought it was a good chance to meet some investors closer to the source. With TAG’s revenue up 19% for the three months to December 31 (to $12.9 million), and net income more than quadrupled compared to the prior year period, this is a good time to be out…

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Another US-Based investment newsletter follows TAG Oil

Bill Mathews, editor of the investment newsletter The Cheap Investor, featured TAG Oil in the March 2014 issue.   Citing TAG’s excellent balance sheet, increasing revenues and earnings, and undervalued stock price, the editors, “believe TAG Oil has the potential to move at least 50 to 100% over the next year.”   They also suggested that TAG list on the NASDAQ or NYSE MKT Exchange in addition to the Toronto Stock Exchange and OTC, for better exposure and a greater institutional following in the U.S.   Bill, we’ll let you know if we take your…

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Reporting on the Cardiff-3 deep gas well

TAG Oil set out to establish a strong foundation (both operationally and financially) on its Taranaki shallow oil and gas opportunities, and with 31 successful wells in just a few years, we’re pretty happy with how that’s gone. But those of you who have been with us for awhile, know that we’ve also had an eye on prospects with even greater potential, such as the East Coast Basin’s unconventional oil, and the Taranaki Basin’s deep Eocene-level oil and gas.  In the current quarter, TAG successfully drilled, logged and cased its…

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Peanut butter & jelly, oil & gas, kids & dinosaurs

Some combinations, like the ones in our title, are tried and true classics. While others need a little extra encouragement. So TAG Oil and its Kaheru joint venture partners Beach Energy and New Zealand Oil and Gas are harnessing kids’ love of dinosaurs – and their unlimited imaginations – to bring science to life outside of the classroom. We’re in the business of fossil hunting, and we think there’s a great story to tell right under the feet of New Zealand’s kids that will ignite their interest in geology and…

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Report confirms Ng-1 oil generated from Whangai unconventional rocks

We’ve been not so patiently awaiting the results of the independently conducted Reservoir Characterization Study (RCS) on TAG Oil’s East Coast Basin, unconventional Ngapaeruru-1 well, and it has finally arrived.    This RCS study provides the first true unconventional data set ever acquired in the East Coast Basin, and the quality of this state-of-the-art data set provides the first specialized interpretation necessary to unlock the major oil and gas potential of TAG’s East Coast Basin unconventional play. As our team had hoped, the study confirms that oil is being generated in the Whangai…

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