Last $2.39 USD
Change Today -0.0039 / -0.16%
Volume 42.6K
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

tag oil ltd (TAOIF) Snapshot

Open
$2.36
Previous Close
$2.39
Day High
$2.39
Day Low
$2.36
52 Week High
10/18/13 - $4.97
52 Week Low
06/10/14 - $2.31
Market Cap
152.8M
Average Volume 10 Days
57.9K
EPS TTM
--
Shares Outstanding
64.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TAG OIL LTD (TAOIF)

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tag oil ltd (TAOIF) 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.

tag oil ltd (TAOIF) 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 (TAOIF) Key Developments

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.

TAG Oil Ltd. Reports Earnings Results for the Year Ended March 31, 2014; Reports Revenue for the Fourth Quarter Ended March 31, 2014; Reports Production Results for the Fourth Quarter and Year Ended March 31, 2014; Provides Production and Earnings Guidance for the Fiscal Year 2015

TAG Oil Ltd. reported earnings and production results for the year ended March 31, 2014. For the year, the company reported production revenue of CAD 57,546,899 against CAD 44,591,201 a year ago. Net income prior to stock-based compensation was CAD 16,779,473 against CAD 10,694,371 a year ago. Net income before taxes was CAD 14,731,055 against CAD 5,073,359 a year ago. Net income for the year after taxes was CAD 7,682,708 against CAD 5,073,359 a year ago. Earnings per share was CAD 0.13 against CAD 0.09 a year ago. For the fourth quarter ended March 31, 2014, the company reported total revenue – gross of CAD 14,024,675 against CAD 12,297,777 a year ago. For the quarter, the company reported daily production volumes of oil of 1,072 bbls/d against 1,013 bbls/d a year ago. Natural gas was 414 BOE/d against 678 BOE/d a year ago. Combined daily production volumes of 1,486 BOE/d against 1,691 BOE/d a year ago. For the year, the company reported daily production volumes of oil of 1,107 bbls/d against 959 bbls/d a year ago. Natural gas was 761 BOE/d against 797 BOE/d a year ago. Combined daily production volumes of 1,868 BOE/d against 1,756 BOE/d a year ago. The company's capital budget for fiscal year 2015 is CAD 60 million; fully funded by forecasted cash flow and working capital on hand. The company's capital budget for fiscal year 2015 is CAD 60 million; fully funded by forecasted cash flow and working capital on hand. TAG's goal for the coming fiscal year capital program is to create value and upside from five play areas: Maintain and grow baseline reserves, production, and cashflow in Taranaki via low-risk development drilling; Unlock the major resource potential by confirming the commerciality of the East Coast Basin's unconventional fractured source rocks; Establish production and reserves from the Cardiff-3 well within the deep Kapuni Formation in Taranaki; Prepare to drill a shallow water offshore Kaheru Prospect (TAG-40%) in Taranaki in mid-2015; and Define a new frontier shallow onshore oil exploration play in the Canterbury Basin. The company continues to hold estimates for fiscal year 2015 cash flow from operations to be approximately CAD 40 million, with production averaging approximately 2,000 barrels of oil equivalent per day (80% oil). This guidance is based only on TAG's shallow development drilling in proven areas and existing production. This guidance assumes initial production rates from the development wells of 150 bbls of oil + 50 BOE/d of gas in seven new shallow Taranaki wells to be drilled in fiscal year 2015.

TAG Oil Ltd. - Special Call

To discuss $60 million development and exploration program

 

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Valuation TAOIF Industry Range
Price/Earnings 21.0x
Price/Sales 3.2x
Price/Book 0.7x
Price/Cash Flow 7.6x
TEV/Sales 2.1x
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