TAG Oil News

2020 News

TAG Oil Announces Annual General Meeting Voting Results

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to announce the results from its 2020 annual general meeting of shareholders (the “Meeting”) held in Vancouver, B.C. today. Shareholders voted as follows on the matters before the Meeting. Election of Directors All six (6) of the nominees listed in TAG Oil’s management information circular dated October 19, 2020 that were proposed by management for election to the board of directors at the Meeting were duly elected. The directors will remain in office until the next annual meeting of the…

Read More >

TAG Oil Reports Q2 2021 Results

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to report the filing of its second quarter results for the interim period ending September 30, 2020. Highlights over the period include: At September 30, 2020, the Company had C$15.1 million (June 30, 2020: C$15.0 million) in cash and cash equivalents and C$17.6 million (June 30, 2020: C$17.4 million) in working capital. The Company has no debt. Capital expenditures totaled C$0.05 million for the quarter ended September 30, 2020, compared to C$0.10 million for the quarter ended June 30, 2020.…

Read More >

TAG Oil Announces Closing of Sale of Australian Assets and Operations

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) announces that it has closed its previously announced sale of its Australian subsidiary, Cypress Petroleum Pty Ltd., which holds the Company’s 100% working interests in PL 17, ATP 2037, and ATP 2038 (collectively, the “Permits”) located in the Surat Basin of Queensland, Australia to Luco Energy Pty. Ltd., a company owned by Ilwella Pty. Ltd. and AJ Lucas Services (the “Transaction”). Following closing of the Transaction, TAG Oil has ~C$17 million in cash and will continue to have exposure to the potential…

Read More >

TAG Oil Announces Sale of Australian Assets and Operations

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) announced today that it has entered into a definitive purchase and sale agreement dated October 14, 2020, with Australian-based Luco Energy Pty. Ltd. (“Luco”), a company owned by Ilwella Pty. Ltd. and AJ Lucas Services, to divest its Australian assets and operations as part of a strategic realignment of the Company’s oil and gas exploration and development activities. This is an arm’s length transaction that involves the sale by TAG Oil of the shares of its Australian…

Read More >

TAG Oil Announces Director Resignation and Stock Option Grants

Vancouver, B.C. – September 25, 2020 – TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) announces the following corporate updates. Board of Directors Mr. Peter Loretto has resigned from his position as a non-executive director of the Company for personal reasons. TAG’s management and its board of directors would like to sincerely thank Mr. Loretto for his many contributions and commitment during his time with the Company. The Company’s board of directors now consists of Messrs. Abdel (Abby) Badwi (Executive Chairman), Toby Pierce (CEO), Shawn Reynolds, Thomas Hickey, Keith Hill,…

Read More >

TAG Oil Announces Management and Board Appointments, Private Placement and Stock Option Grants

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to announce the following corporate updates. Management and Board of Directors Mr. Abdel (Abby) Badwi has joined the Company as Executive Chairman of the board of directors, along with Mr. Suneel Gupta who has been appointed as VP and COO of the Company. Messrs. Shawn Reynolds and Thomas Hickey have also been appointed to TAG’s board of directors as non-executive directors. Mr. Toby Pierce commented “On behalf of TAG’s management and board of directors, I would like to welcome Mr.…

Read More >

TAG Oil Reports Q1 2021 Results

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to report the filing of its first quarter results for the interim period ending June 30, 2020. Highlights over the period include: As at June 30, 2020, the Company had $15.0 million (March 31, 2020: $41.5 million) in cash and cash equivalents and $17.4 million (March 31, 2020: $43.7 million) in working capital. On April 14, 2020, a return of capital in the amount of $0.30 per common share (~$25.6 million in cash) was paid to all shareholders of record…

Read More >

TAG Oil Reports FY2020 Results

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to report the filing of its annual and fourth quarter results for the fiscal year ending March 31, 2020 and to provide the following corporate update: On September 25, 2019, TAG completed the sale of substantially all of its Taranaki Basin assets and operations in New Zealand and at March 31, 2020, the Company had $41.5 million (March 31, 2019: $1.9 million) in cash and cash equivalents and $41.3 million (March 31, 2019: $0.06 million) in working capital. On April…

Read More >

TAG Oil Provides Corporate Update

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to provide the following corporate update: Further to TAG’s release dated June 29, 2020, the Company expects that its annual filings for the fiscal year ending March 31, 2020 will be filed on or around August 13, 2020. TAG’s current cash balance stands at ~C$15 million, with working capital at ~C$14.8 million. TAG has received a total of C$0.45 million in royalty payments from Tamarind Resources Pte. Ltd. (“Tamarind”), which will increase by C$132,000 upon receipt of the next completed…

Read More >

TAG Oil Provides Corporate Update

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) announces that the release of its annual financial statements for the fiscal year ending March 31, 2020 (the “Annual Financial Statements”) and associated management discussion and analysis (the “MD&A”) will be delayed. The Company will be relying on the 45-day filing and delivery extension for periodic filings required to be made on or before August 31, 2020 as provided by BC Instrument 51-517 – Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31,…

Read More >