TAG Oil News

2016 News

TAG Oil Announces Definitive Agreement to Acquire Assets Located in Australia’s Surat Basin

Vancouver, B.C. – October 31, 2016 – Oil and gas exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF, “TAG”), is pleased to announce that its wholly owned Australian subsidiary, Cypress Petroleum Pty Ltd. (“Cypress”), has entered into a definitive asset purchase agreement (the “Definitive Agreement”) with Southern Cross Petroleum & Exploration…

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TAG Oil Updates Recent Operational Activities

Vancouver, B.C. – September 29, 2016 – Oil and gas exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF, “TAG”), is pleased to provide the following update on its operations in the Taranaki Basin of New Zealand. Sidewinder Production (100% TAG) As reported in TAG’s August 15, 2016 press release, a low-cost…

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TAG Oil Reports Q1 2017 Results and Updates Recent Activities

Vancouver, B.C. – August 15, 2016 – Oil and gas exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to report first quarter results for the fiscal year ending March 31, 2017, in which the Company has continued with its strategy to preserve capital by continuing to reduce its capital…

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TAG Oil Reports FY2016 Results

Vancouver, B.C. – June 29, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to report the results for the fiscal year ending March 31, 2016, in which the Company has successfully implemented and adjusted its growth strategy in light of low oil pricing. TAG has preserved capital, reduced costs, substantially strengthened…

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TAG Oil FY2016 Conference Call information & Corporate Update

Vancouver, B.C. – June 21, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce that Mr. Henrik Lundin is commencing his position as TAG Oil’s Chief Operating Officer on June 27, 2016, and will be based in the Company’s operations’ office in New Plymouth, New Zealand. Toby Pierce, CEO commented,…

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TAG Oil Announces FY2016 Independent Reserves Results

TAG Oil confirms that Sproule has completed its independent reserves assessment on the Company’s interests within the Cheal oil and gas producing permits, dated March 31, 2016. Sproule International Limited has assigned a pre-tax net present value of $45.9 million (FY2015: $114.7 million), using a 10% discount rate to net working-interest proven + probable (“2P”) reserves.

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TAG Oil Announces New Zealand Development and Exploration Acquisition

Vancouver, B.C. – June 6, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce it has acquired a 70% working interest and operatorship of the PEP 51153 (“Puka”) onshore permit in the Taranaki Basin of New Zealand. TAG’s joint venture partner in the Puka permit is MEO Australia Limited (30%).…

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TAG Oil Announces FY2017 Capital Budget and Guidance

Vancouver, B.C. – April 14, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) announces that its capital budget for the Company’s 2017 fiscal year (April 1, 2016 to March 31, 2017) will be approximately $7.6 million, which will be funded entirely by forecasted cash flow and working capital on hand. A further $4.6…

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TAG Oil Provides Corporate Update

Vancouver, B.C. – April 7, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) announces that its Chief Financial Officer, Chris Ferguson, has submitted his resignation to pursue other opportunities, but will continue in his respective role during a transition period to support the appointment of Barry MacNeil who will be replacing Mr. Ferguson…

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TAG Oil Provides Preliminary Year End Results

Vancouver, B.C. – April 7, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to report preliminary results for its fiscal 2016 year ending March 31, 2016 as follows: The Company exited the fiscal year with $15.3 million in cash and cash equivalents with no debt and 62,212,252 common shares outstanding. Over…

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