Field news and more

Interview with TAG’s Brad Holland

The global economy has been significantly impacted by the low oil price environment over the last 2 years, and the effects have been felt in Canada significantly, particularly in Alberta. Mr. Brad Holland, a member of TAG Oil’s Board of Directors who has extensive experience in the oil and gas industry as an engineer, currently works and resides in Calgary, Alberta, and has offered his insight on the current situation in Alberta. Can you please tell me a bit about your background experience in the oil and gas industry and…

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Game changers for New Zealand oil and gas exploration

To those familiar with the oil and gas in New Zealand, it’s common knowledge that the Taranaki basin is the most prominent oil basin and has proven plentiful with premium grade Brent oil. What many people don’t know is that there is also significant petroleum potential in other New Zealand basins that are, as of yet, completely untapped. Although the first well drilled in New Plymouth was drilled in 1865, only minor production was discovered until roughly 1959 when a discovery was made in Kapuni-1, a gas and condensate producing well.…

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Oil futures display inverse head and shoulders pattern

West Texas Intermediate crude futures are experiencing what analysts refer to as an inverse head and shoulders pattern, said to be one of the most reliable and common reversal formations. This pattern occurs after a downtrend – similar to what the oil market has recently experienced – and generally signifies a major reversal of the previously down trending oil prices when complete. As the chart to the left shows, the price of oil has been gaining momentum, with WTI futures trading above $51 per barrel for the first time since July…

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Views from the field

Seeing is believing, so here’s some footage of what the TAG Oil New Zealand team is working on. Taken by CEO, Toby Pierce, on his phone.  First is Ryan Beierle (TAG Production Manager) manning a workover rig, and second is a panoramic view of the Cheal A site. We never get tired of seeing Mt. Taranaki!              

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TAG outlook for the new fiscal year

This fiscal year has come and gone, and from our perspective, it’s been a decent FY 2016. While oil prices have risen, they’re not where we want them as of yet, but we’ve managed to use this low oil price environment to our advantage. Our outlook for 2017 consists of optimization of infield opportunities including well stimulations and work overs, water flood commencement across the three pools, and preparation for drilling when prices move higher. With these plans, our goals are to see an increase in daily production rates, cash…

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The difference between the TSX and the TSXV (and why we care)

Back in July of 2005, TAG Oil Ltd. successfully commenced listing on the TSX-Venture Exchange (“TSXV”) under the trading symbol “TAO.” Fast forward to July 2011 and the Company graduated to the Toronto Stock Exchange (“TSX”). What is the difference between these two Canadian-recognized exchanges? Well actually quite a bit. The main purpose of the TSXV is to provide a platform to access capital for earlier stage or emerging companies through access to public venture capital that helps facilitate growth. In accordance with that mandate, the TSXV has much less…

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TAG Oil sponsors Tough Kid 2016

Back in December, summer in New Zealand, yet another crop of 1,500 students took on the TAG Oil Tough Kid Challenge, a giant obstacle course and physical challenge at Yarrow Stadium in New Plymouth. We posted the news about 2015’s Challenge, but missed the amazing drone video of the event, which we’re sharing now in honor of the 2016 competition.  TAG Oil and others donated time and goods to this hugely popular, annual event benefiting local kids of all ages. Put on by Sport Taranaki, a local nonprofit organization established in 1989, the TAG Oil Tough Kid Challenge…

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U.S. leads the way in oil and gas demand

There’s a theory that low oil prices work on both the supply- and demand-sides of the market, and it’s interesting to watch the shift in supply and demand unfold in real time. Low oil prices affect the supply side by reducing future production due to reduced funds for investment, and on the demand side by lower product prices stimulating demand. On the supply end of the market, crude output from the U.S. fell by 194,000 b/d according to data released from the EIA on July 7th, which is the biggest…

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TAG Oil Ltd. FY 2016 Results Call

Register below to listen to TAG’s 2016 year-end conference call. Held on July 5th, CEO Toby Pierce reviews FY2016 results, fields shareholder’s email comments, and answers participants’ questions.

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Will disruptions and production ever re-balance?

Global oil disruptions are at their highest level in the past five years, which typically leads to supply problems in the near term. In May alone, for example, disruptions caused production levels to drop nearly 3.6 million barrels of oil per day according to the USEIA. Why the drop? Political disputes seem to be the primary cause: Nearly 90% of unplanned disruptions in the first five months of 2016 were caused by conflicts in Venezuela, Libya, and Nigeria. In addition to the unrelenting and damaging militant attacks in Nigeria, especially,…

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