TAG Oil News

2018 News

TAG Oil Announces Addition to its Board of Directors

Vancouver, B.C. – May 15, 2018 – International exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF), is pleased to announce the appointment of Mr. Peter Loretto to its Board of Directors. Mr. Loretto obtained an MBA from Gonzaga University in 1984 and has over 30 years of extensive investment banking and…

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TAG Oil Secures Revolving Credit Facility to Pursue Low-Risk, High Netback Production Opportunities

Vancouver, B.C. – April 19, 2018 – International exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF), reports that it has secured a revolving credit facility of up to US$10,000,000 with a large New Zealand based lender. The revolving credit facility, which is secured against TAG Oil’s producing Taranaki Basin assets, has…

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TAG Oil’s Pukatea-1 Well Flows Oil and Gas

International exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF), reports that the Pukatea-1 well was completed at the Mt. Messenger formation, where 12.9 meters of oil-and-gas bearing sands were perforated. Following perforation, a flow test was completed during which the well flowed naturally at a rate of up to 600 b/d…

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TAG Oil Updates Pukatea-1 Exploration Well

TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) is pleased to provide the following update with respect to TAG Oil’s operated Pukatea-1 exploration well located in the Puka permit (PEP 51135, 70% TAG Oil) in the Taranaki Basin of New Zealand. Pukatea-1 has reached a final total depth of ~3,100m…

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TAG Oil Reports Q3 2018 Results

Vancouver, B.C. – February 14, 2018 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) reports its third quarter results for the interim period ending December 31, 2017, highlighted by a 6% increase in revenues and a 40% increase in operating netbacks from the previous quarter. Toby Pierce, TAG Oil’s…

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TAG Oil Updates Pukatea-1 Exploration Well

Vancouver, B.C. – February 12, 2018 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) is pleased to provide a positive update on its Pukatea-1 exploration well, which was spudded on January 24, 2018. The Pukatea-1 well is located in TAG Oil’s operated Puka permit (PEP 51135, 70% TAG Oil)…

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TAG Oil Announces Resignation of Founder and Chairman, Alex P. Guidi

Vancouver, B.C. – January 30, 2018 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) announces that its Founder, Chairman and Director, Alex P. Guidi, has resigned to pursue other opportunities, effective immediately. Alex P. Guidi commented, “I have sincerely enjoyed working with TAG Oil, but after an exciting thirty plus years in the international…

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TAG Oil to Drill High Impact Exploration Well and Provides Operational Update

TAG Oil and its joint venture partner (Melbana Energy - 30% WI) have begun operations on the Pukatea-1 high-impact exploration well. The Nova-1 drill rig is expected to be mobilized to the drilling pad by mid-January...

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