Last C$2.63 CAD
Change Today -0.01 / -0.38%
Volume 340.3K
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As of 3:59 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

tag oil ltd (TAO) Snapshot

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52 Week High
10/18/13 - C$5.15
52 Week Low
07/10/14 - C$2.47
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tag oil ltd (TAO) Details

TAG Oil Ltd., together with its subsidiaries, is engaged in the exploration, development, and production of oil and gas properties in New Zealand. The company owns interests in the Taranaki Basin covering an area of approximately 30,816 net acres located on the North Island of New Zealand; and the Canterbury Basin that covers an area of approximately 1.17 million acres of conventional and unconventional targets located on the South Island of New Zealand. It also holds a 100% working interest in three exploration permits covering an area of approximately 1.42 million acres; and a 60% working interest in one joint ventured exploration permit totaling 106,111 acres in the East Coast Basin of New Zealand. The company was formerly known as Durum Cons. Energy Corp. and changed its name to TAG Oil Ltd. in June 2002. TAG Oil Ltd. was founded in 1990 and is headquartered in Vancouver, Canada.

21 Employees
Last Reported Date: 06/30/14
Founded in 1990

tag oil ltd (TAO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$240.0K
Founder and Chairman
Total Annual Compensation: C$241.7K
Chief Operating Officer
Total Annual Compensation: C$267.9K
Vice President of Business Development
Total Annual Compensation: C$156.5K
Compensation as of Fiscal Year 2013.

tag oil ltd (TAO) Key Developments

Tag Oil Begins Drilling Waitangi Valley-1 Unconventional Exploration Well

TAG Oil Ltd. announced commencement of drilling operations at the company's 100%-controlled Waitangi Valley-1 exploration well in Petroleum Exploration Permit 38348, located in New Zealand's East Coast Basin. The Waitangi Valley-1 well spudded on July 23, 2014 and will be drilled to a total depth of approximately 3,600 meters (11,800 feet). Waitangi Valley-1 is situated 250 kilometers north of TAG's Ngapaeruru-1 unconventional well, and is the Company's second high impact exploration well targeting the Waipawa Black Shale and Whangai Formation source rocks. Waitangi Valley-1 is interpreted with proprietary seismic data to potentially intersect stacked, repeated sections of these naturally fractured, over-pressured oil-and-gas-rich source rocks as well as conventional oil and gas bearing sands in the Miocene section at depths between 250 to 2,000 meters. Independent assessments on TAG's acreage have estimated, on a mid-range (P50) basis, an undiscovered resource potential of approximately 14 billion barrels of oil initially in place within less than 20% of the company's East Coast Basin acreage. These resource estimates were prepared by Sproule International Limited with an effective date of September 30, 2007, and by AJM Petroleum Consultants with an effective date of September 1, 2008. Each is a qualified reserves evaluator in accordance with National Instrument 51-101 and the Canadian Oil and Gas Evaluation Handbook.

TAG Oil Ltd. Presents at Sprott Vancouver Natural Resource Symposium 2014, Jul-24-2014 03:30 PM

TAG Oil Ltd. Presents at Sprott Vancouver Natural Resource Symposium 2014, Jul-24-2014 03:30 PM. Venue: Fairmont Hotel Vancouver, 900 W. Georgia Street, Vancouver, BC, V6C2W6, Canada. Speakers: Drew Cadenhead, Chief Operating Officer.

TAG Oil Ltd. Appoints Max Murray as New Zealand Country Manager

TAG Oil Ltd. has hired Mr. Max Murray as TAG Oil's New Zealand Country Manager, based in New Plymouth, New Zealand. Mr. Murray will replace Mr. Randy Toone who has resigned to return to Canada for personal reasons and to focus on mid-stream business opportunities in North America. Mr. Murray's thirty years of operational and proven executive leadership in the oil and gas industry, and in particular his thorough understanding of the New Zealand oil and gas landscape, is a strong fit for TAG as the company evolves from a junior explorer into one of the busiest integrated explorers and producers of oil and gas in New Zealand. His most recent position as Manager Production Upstream E&P and Senior in Country Manager for New Zealand saw him accountable for the safe and efficient operation of all Origin producing assets across Australia and New Zealand. Mr. Murray will be accountable for all TAG's New Zealand based operations and executing the company's annual, three and five year business plans, as well as identifying new opportunities to accelerate business growth.


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