TAG Oil News

2016 News

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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TAG Oil Provides Operations Update

Vancouver, B.C. – March 22, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) announces that the operator of the offshore Kaheru permit (New Zealand Oil & Gas) has submitted an application to the regulator to surrender the permit on behalf of the PEP 52181 joint venture, upon which TAG holds...

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TAG Oil Announces Cancellation of Share Options

Vancouver, B.C. – March 11, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) announces that it has cancelled 1,155,000 share options, which were previously granted to insiders of the Company, by mutual agreement between the Company and each of the optionees. The share options were originally granted between July, 2011, and December, 2013,…

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TAG Oil Announces Henrik Lundin as Chief Operating Officer and David Bennett as Technical Director

Vancouver, B.C. – March 3, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce that Mr. Henrik Lundin accepted the appointment as Chief Operating Officer, commencing on or about June 27, 2016, and will be based in the Company’s operations’ office in New Plymouth, New Zealand. Mr. Lundin is an…

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TAG Oil Reports Q3 Results

Vancouver, B.C. – February 16, 2016 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report the third quarter results for the fiscal year ending March 31, 2016, in which the Company was able to increase its average net daily oil production by 2% to 945 bbl/d from the previous quarter. This…

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TAG Announces Election of Board of Directors and Provides Operations Update

Vancouver, B.C. – December 18, 2015 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce the results from its 2015 annual general meeting of shareholders (the “Meeting”) held in Vancouver, B.C. on December 18, 2015. All of the six nominees listed in the Company’s management information circular dated November 19, 2015…

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