TAG Oil News

2020 News

TAG Oil CEO Toby Pierce Clarifies “Due Bill” Timing

As we announced in our March 16 news release, TAG Oil will be returning C$0.30 per share back to our shareholders on a due bill basis. TAG Oil CEO Toby Pierce wrote the following message to shareholders to explain the process. I have had a number of questions on this, so I thought I would try and explain more fully this process and what it means for TAG Oil’s shares/shareholders.  Bottom line – you need to hold the shares of TAG Oil through April 14th closing to receive the 30 cent…

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TAG Oil Announces Return of Capital to Shareholders

TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) has conducted a detailed evaluation of the overall business environment and opportunities for the Company to create long-term value for its shareholders following the New Zealand asset sale. TAG’s Board and management have determined that a return of capital to its shareholders in the amount of C$0.30 per common share (~C$25.6 million in cash), in accordance with Canadian income tax law, is in the best interest of shareholders. The return of capital is scheduled to be paid on April 14, 2020 (payment date)…

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TAG Oil Provides Corporate Update

TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to provide the following corporate update. TAG’s current cash balance stands at ~C$41 million following a royalty payment of ~C$0.25 million for the quarter ended December 31, 2019. TAG holds a 2.5% gross overriding royalty on all future production from the New Zealand assets that it sold to Tamarind Resources Pte. Ltd. in September 2019. Further details on TAG’s royalty and remaining milestone payments from New Zealand can be found in the management information circular dated November 30, 2018, which…

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