TAG Oil through the years

2020: New Opportunities Ahead

  • TAG embarks on a strategic initiative to acquire oil and gas assets in the Middle East and North Africa region
  • Additional leadership team with proven track record join TAG
  • TAG completes a return of capital to shareholders in the amount of C$0.30 per common share
  • Continued weak oil markets provide rare opportunities

2019: Forging On

  • Closing of New Zealand asset sale leaves TAG financially strong
  • TAG continues to operate in Queensland, Australia and explore potential farm out opportunities
  • Investment Manager, Gavin Wilson joins the board of directors

2018: Passing the torch

  • TAG sells New Zealand assets and operations
  • Revenue growth continues quarter over quarter
  • 23% increase in operating netbacks

2017: Staying ahead of the curve

  • ERC Equipoise assigns net present value of $82.12 million on proven and probable reserves
  • Field optimizations at Cheal helps stabilize production
  • Dividend paid by way of Coronado shares
  • Industry downturn persists but oil pricing on the rise

2016: Setting the Stage

  • Encouragement at Cardiff-3 well
  • New oil leg discovered at Sidewinder
  • More distressed asset acquisitions
  • Barry MacNeil appointed CFO
  • Low oil prices persist
international oil and gas

2015: Holding Steady through Challenging Times

  • Finished the year in strong financial position
  • New CEO Toby Pierce appointed
  • Capex slashed in response to falling global oil prices. 
  • TAG focuses on low-risk, low-capital, incremental production increases to maintain profitability.
Tanker truck and TAG Oil building

2014: Operating to Plan — and Growing

  • Fiscal year ends with record revenue
  • Cardiff-3 flows gas/condensates. First stimulation attempt fails  
  • East Coast Basin Waitangi Valley-1 unconventional exploration drilling attempt failed due to  high pressured zones.
  • $60 million CapEx program announced funded through forecasted cash flow and working capital
New Zealand rig

2013: Optimized and Operating at Full Force

  • TAG Oil launches largest drilling campaign in New Zealand history
  • Production revenue hits $44.5 million for fiscal year
  • Ngapaeruru-1 unconventional well intersects hydrocarbon column in Whangai source rock
  • $40 million infrastructure expansion completed to facilitate production growth
  • Drilling continues in Taranaki
TAG Oil team members at Cheal

2012: Momentum Building & Setting Higher Goals

  • Successful drilling continues
  • National Bank Financial and Credit Suisse brings analyst coverage to nine
  • Company sees a 227% increase in production revenue, 300% increase in reserves
  • Cheal B-7 becomes TAG’s 14th consecutive successful oil and gas well drilled
Man in blue hat working by valves

2011: Success and More Corporate Milestones

  • TAG graduates from TSX-V to the Toronto Stock Exchange (TSX)
  • 100% increase in production revenue
  • Trading begins on OTCQX International in the U.S.
  • New oil/gas discoveries at Cheal and Sidewinder
  • Mandate to build production and reserve growth
New Zealand oil and gas companies - TAG Oil

2010: Transformation

  • TAG flows oil from bypassed Urenui discovery
  • Cardiff gas/condensate discovery acquired
  • Sidewinder-1 oil/gas discovery
  • 450% increase to reserves at Cheal field
  • Shallow drilling validates East Coast Basin unconventional oil prospects
TAG Oil 2009

2009: Paving the Way

  • TAG acquires Trans-Orient Petroleum, and unconventional prospects
  • Cash flow increases by approximately 300%
  • TAG acquires 100% of Cheal oil & gas field
  • TAG sees opportunity in financial crisis