Field news and more

TAG Oil Special Report: Why rig counts count

With oil prices such a hot topic these days, it could drive you crazy to listen to all the talking head opinions in the mainstream media. US rig counts on the other hand, are a relevant figure to watch, given that the United States has become a swing producer of oil. Active drilling rigs act as a leading indicator not only for demand of products used in drilling, completing, producing and processing hydrocarbons, but for the amount of hydrocarbons actually produced and sent to market. As noted in Market Realist…

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‘Champion’ is a state of mind

Champions aren’t just athletes. A champion is defined by a state of mind and a set of qualities. Champions come in all shapes and sizes, but all are devoted to a cause. They aren’t afraid to try something new, and even with “failure” they learn, they try harder, and perform more strategically the next time. And the time after that, and the time after that. They compete to best themselves even more than they compete against others. True champions aren’t always the ones who win, but those who have the most…

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TAG listed as an INK Edge top energy stock

TAG Oil Ltd. got a little ink from INK (Insider News and Knowledge), featured in The Daily Globe and Mail this week. It’s no secret that TAG’s executive team is highly confident about the company’s future performance, and shows it by owning shares. As the article says,  “The stock is ranked 25th on the latest edition of our INK Edge Top Energy stocks. TAG managed to retain a spot on the list due to low valuations, and strong insider commitment as identified on the basis of insider buying and ownership.”

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Telling it like it is

Here’s a nice piece on TAG Oil in Seeking Alpha, written by someone who seems to get the significance of “no debt” and “high net-back oil.” Because TAG Oil is debt free, there are no loan covenant violations to worry about when there’s a downturn. Other companies…and even countries (if you’ve been following the problems in Greece)…would need to pile on the debt, and then figure out how to pay the debt. While we don’t take setbacks lightly, we can shake them off and move on to our next opportunity. “This is an oil…

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2015 year-end management call

TAG Oil held its 2015 Q4 management call for the year ended March 31, 2015, and we’re posting the MP3 for those of you who are interested but were unable to call in. CEO Toby Pierce and COO Frank Jacobs led the call from Vancouver, and CFO Chris Ferguson called in from New Zealand to give a rundown on the numbers. We had some good questions at the end, and it’s obvious to all that the new management team is up and running full speed ahead.  

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Create a position in oil – today may be the day

To continue our recent theme on oil prices: where they’re going, if they’ve hit bottom, who knew what / when, how reliable this upward trend is…here are a few perspectives that have caught our attention recently. First, two pieces from Energy & Capital. To cut to the chase, Keith Kohl’s title is “Oil Already Bottomed, Now Time to Buy.” He cites falling rig counts and the effects of companies slashing budgets (U.S. company upstream capital expenditure declined by 12% year-over-year during the fourth quarter of 2014). All this in a…

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The current oil oversupply – in perspective with years past

According to a recent EIA report, the current oversupply of oil is at about a million barrels. Compare that with 2008, when the market was oversupplied by four to five million barrels of oil, and we hit one of the worst recessions in history. Now compare that with the 1998 Asian financial crisis, when the market was oversupplied by five million barrels of oil per day. Supplies are in fact growing, but not to the levels we’ve seen during drastic price drops in the past.   The world is using 22%…

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How to be an economic force for good

It’s one of my top priorities for TAG Oil to conduct its business in a socially and environmentally responsible way for the benefit of all stakeholders, including shareholders, employees, business partners, host and home governments, and local communities. I personally strive to, and encourage staff as well, to continuously improve performance, and to act in accordance with the highest standards of business practices, safety and corporate citizenship. Not just for an oil and gas company, but for any organization trying to make a difference in the world today. Founder and…

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Where are oil prices going next?

Was reading an entertaining article titled I Have No Idea Where Oil Prices Are Going (And Neither Do You) which got me thinking. While we’re understandably bullish on oil at TAG Oil, this piece made a good point that anyone who purports to see all the oil pricing trends is clearly engaged in revisionist history…or psychic. Between June 2014 and January 2015, oil prices fell more than 50%. And it was pretty much totally unexpected, regardless of what pundits now say in hindsight. One simple way to illustrate that fact…

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TAG goes to APPEA – Come see us!

  In a week, TAG will be attending and hosting a booth at the APPEA Conference and Exhibition in Melbourne, Australia, May 17 to 20, 2015.   APPEA (Australian Petroleum Production & Exploration Association) is one of the largest upstream oil and gas events in the world, and the largest in the southern hemisphere, with more than 3000 attendees from the investment, industry, suppliers, government, and policy-making sectors of the energy industry. We’re looking forward to the technical content, networking opportunities, and to showcasing TAG’s acreage to potential partners and…

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