Last C$1.61 CAD
Change Today -0.02 / -1.23%
Volume 59.5K
TAO On Other Exchanges
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As of 4:51 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

tag oil ltd (TAO) Snapshot

Open
C$1.64
Previous Close
C$1.63
Day High
C$1.64
Day Low
C$1.56
52 Week High
01/9/14 - C$3.54
52 Week Low
12/11/14 - C$1.30
Market Cap
102.4M
Average Volume 10 Days
147.6K
EPS TTM
C$0.17
Shares Outstanding
63.6M
EX-Date
--
P/E TM
9.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for TAG OIL LTD (TAO)

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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$240.0K
Chief Financial Officer
Total Annual Compensation: C$77.0K
Chief Operating Officer
Total Annual Compensation: C$284.7K
Vice President of Business Development
Total Annual Compensation: C$156.5K
Compensation as of Fiscal Year 2014.

tag oil ltd (TAO) Key Developments

TAG Oil Ltd. Provides Updates on Cheal-E6 and Cheal-E7 Wells

TAG Oil Ltd. reported 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 in TAG’s Cheal acreage which remains relatively lightly explored. Over a period of eleven days the Cheal-E-JV-6 well (Cheal-E6) continues to naturally free flow under a 16/64 choke at stable rates. During the test period Cheal-E6 (TAG: 70%) produced an average of 325 boe/d (81% oil) for a total of 3,178 barrels of oil and 4,456 mscf of gas. The well will be shut-in for a planned pressure build-up test up for a period of three days and then will resume ongoing production into TAG’s production facilities. TAG has completed drilling of the Cheal-E7 well (TAG: 100%) to a total depth of 1,921 meters (6,302 feet) and interpretations of electric logs indicate the well has intersected over 10.6 meters (34.78 feet) of net oil and gas bearing sands in the Mt. Messenger Formation, the main objective of the well. Cheal-E7 is being completed as a potential oil well with production testing to begin in early 2015 and if economic, will be immediately commercialized through TAG's 100%-owned production infrastructure.

TAG Oil Ltd. Increases Exploration Interests in Taranaki Basin

TAG Oil Ltd. announced that New Zealand Petroleum and Minerals has awarded the company 100% interest in two new onshore Taranaki Basin permits: Petroleum Exploration Permit 57065 and Petroleum Exploration Permit 57063. Both permits, which add a combined 36,781 acres to TAG's Taranaki Basin exploration portfolio, are situated in a prolific oil and gas production fairway in close proximity to producing oil and gas fields. Together with the Company's existing permits, TAG now operates ten exploration and production permits in the Taranaki Basin, and a total of sixteen permits including a 40% interest in shallow water offshore Taranaki as well as interests in the East Coast and Canterbury Basins. This new acreage is strategic to TAG while also being highly complementary to TAG's existing producing operations, production infrastructure and pipeline network, enabling the Company to commercialize future wells in an expeditious manner. More importantly, TAG's new acreage, which has existing 2D and 3D seismic coverage, expands the scope and potential size of the Company's successful Mt. Messenger and Urenui Formation drilling program, as well as providing potential for additional deep, high-impact leads that can be analysed over coming years. The Sidewinder North acreage (14,726 acres) borders and likely extends TAG's known Sidewinder oil and gas discovery play area as the permit contains the SuppleJack-1 oil and gas discovery made by TAG in 2006, providing an indication of the future follow on discovery potential within this acreage. The Waiiti permit (22,055 acres), situated in the northern area of the Taranaki Basin, offers the Company the opportunity to explore for both shallow Miocene oil and deep Eocene condensate-rich gas. A prior operator encountered significant elevated gas and oil shows while drilling the historical Pukearuhe-1 well within this new TAG Permit. Waiiti is an intriguing area of the Taranaki Basin in close proximity to the successful Pohokura (offshore) and Mangahewa (onshore) producing fields directly to the west of TAG's new acreage. The geology of this northern area of the basin is interpreted to have many similarities to the Manutahi/Kauri oil and gas fields in the south part of the basin.

TAG Oil Announces Drilling Results of Cheal-E-JV-6 well

TAG Oil Ltd. reported that the Cheal-E-JV-6 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 intersected over 9 meters (29.5 feet) of net oil and gas bearing sands in the Mt. Messenger Formation, which was the main objective of the well. Cheal-E6 is being completed as a potential oil well with production testing to begin this week and, if economic, will be immediately commercialized through TAG's 100%-owned production infrastructure. Based on the excellent performance and continued encouraging results of the Cheal-E site area, TAG will now proceed to drill the Cheal-E7 step out well (TAG 100%).

 

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