TAG Oil News

2015 News

TAG Oil Records Increasing Oil Production and Q3 Results

Vancouver, B.C. – February 17, 2015 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report the third quarter results for fiscal year ending March 31, 2015. The Company achieved operating revenues of $12.28 million during the quarter, and average daily production grew 8% to 1,991 BOE/d (77% oil) compared to 1,845…

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TAG Oil Announces Executive Changes

VANCOUVER, Feb. 11, 2015 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), announced today that Chief Executive Officer and Director, Garth Johnson, and Chief Operating Officer, Drew Cadenhead, have submitted their resignations, but they will continue in their respective roles during a transition period to support the appointment of new executives. Founder and Chairman of TAG Oil, Alex…

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TAG Announces Election of Board of Directors

Vancouver, B.C. – January 27, 2015 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce the results from its 2014 annual and special meeting of shareholders (the “Meeting”) held in Wellington, New Zealand on January 27, 2015. All of the five nominees listed in the Company’s management information circular dated December…

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TAG Oil Updates Cheal-E6 and Cheal-E7 Wells

Vancouver, B.C. – December 15, 2014 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report progress of the Cheal-E-JV-6 well (Cheal-E6) and Cheal-E7 wells, located in New Zealand’s Taranaki Basin where TAG Oil has extensive oil and gas operations. These new wells continue to demonstrate the prospectivity and the potential for further success…

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TAG Oil Increases Exploration Interests in Taranaki Basin

Vancouver, B.C. – December 11, 2014 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), announces that New Zealand Petroleum and Minerals has awarded the Company 100% interest in two new onshore Taranaki Basin permits: Petroleum Exploration Permit 57065 (“Sidewinder North”) and Petroleum Exploration Permit 57063 (“Waiiti”). Both permits, which add a combined 36,781 acres to TAG’s…

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TAG Announces Share Buyback

Vancouver, B.C. – December 8, 2014 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports that subject to the acceptance of the Toronto Stock Exchange (the “TSX”) the Company intends to purchase and cancel up to 5,885,051 of its common shares. TAG has appointed Dundee Goodman Private Wealth to conduct the purchases through the facilities of…

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TAG’s Cheal-E6 Well Intersects Oil- and Gas-Bearing Sands

Vancouver, B.C. – November 25, 2014 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report that the Cheal-E-JV-6 (“Cheal-E6”) well (TAG 70%), located in the onshore Taranaki Basin of New Zealand has been successfully drilled to a total depth of 1,939 meters (6,360 feet).  The Cheal-E6 step out well is interpreted to have…

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TAG Oil Reports Consistent Production Growth and Record Quarterly Revenue

Vancouver, B.C. – November 14, 2014 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to announce the Company achieved record operating revenue of $16.2 million for the second quarter ending September 30, 2014, up from $15.5 million in the first quarter, in combination with consistent production growth averaging 1,845 barrels of oil equivalent per…

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TAG Oil Begins Next Round of Development Drilling and Optimization Work in Core Taranaki Basin Acreage

Vancouver, B.C. – November 5, 2014 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) is pleased to announce that development, appraisal and step-out drilling, and field optimization work has resumed at the Company’s Taranaki oil and gas fields. Located in the main production fairway of the Taranaki Basin on the North Island, New Zealand, TAG is…

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TAG Oil Announces Abandonment Plans at Waitangi Valley-1 and Return to Drilling of Core Production Assets in Taranaki

Vancouver, B.C. – September 16, 2014 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports the Company has agreed that after encountering extreme drilling conditions, including high-pressure shallow hydrocarbon zones, in the interest of safety, the surface section of the Waitangi Valley-1 well, located in Petroleum Exploration Permit 38348, will be plugged and abandoned.  CEO Garth…

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