Tagoil.com - Tag Oil Ltd. Company News Section

Tag Oil Ltd. Press Release -


  • TAG Oil Reports Ngapaeruru-1 Exploration Well Progress in New Zealand's East Coast Basin
  • TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report that drilling of TAG's 100%-controlled Ngapaeruru-1 exploration well is drilling ahead, and has encountered elevated mud gas readings at a depth of 800 to 977 meters. The significance of the elevated gas readings will not be known until wireline logs have been run and evaluated.
  • May 09, 2013
  • TAG Oil Provides Second Quarter Results
  • TAG Oil achieves 62% increase in production revenue. New infrastructure build on track plus four new wells drilled with excellent results.
  • November 20, 2012
  • TAG Reports Substantial Year-End Reserve Increase to its Taranaki Basin Oil and Gas Fields
  • Due to the timing of operations occurring after March 31, 2011, the Sidewinder reserve assessment was completed with information related only to the Sidewinder-1 well and does not include the now-completed Sidewinder-2, 3 and 4 wells. After considering production during the 2011 fiscal year, the 1,677,000 BOE in proved and probable reserves represents a 221% increase.
  • May 20, 2011
  • TAG Oil Begins Cheal Field Drilling: First of Several Wells Targets Production and Reserve Growth
  • "Numerous drill-ready prospects have been identified at Cheal, providing us with opportunities for high-impact reserve and production growth. We plan to fully exploit these shallow zones with an objective to build our near term cash flow, as we prepare to pursue the deeper condensate-rich gas formations and TAG's East Coast Basin fractured oil shale prospects." -Garth Johnson, TAG Oil CEO
  • February 17, 2011
  • TAG Oil Begins Drilling Sidewinder-2: First in Series for New Discovery
  • BREAKING NEWS: TAG Oil Ltd. (TSX-V: TAO) Begins Drilling Sidewinder-2 Well. First in Series Following Gas-Rich Sidewinder-1 Discovery. Additional discoveries in PEP 38748 or additional Sidewinder production wells will be tied into the Sidewinder Production Station.
  • February 03, 2011
  • TAG Oil Announces New Light Oil Discovery, Taranaki Basin, New Zealand
  • The Sidewinder-1 well located in New Zealand's Taranaki Basin, within TAG's 100%-controlled, 7,910 acre, Broadside exploration permit PEP 38748 was drilled to a total depth of 1,601m, and encountered oil-bearing sandstones in the Mt. Messenger Formation that indicate excellent reservoir qualities, with average porosities of 22.5% and oil saturations of 60%.
  • September 30, 2010
  • Positive Drill Results Further Validate TAG's East Coast Basin As Significant Oil Shale Prospect
  • TAG Oil Ltd. (TSX-V: TAO) announced today that the first stratigraphic well in TAG's initial three-well Waitangi Hill program has been drilled to a total depth of 171m. The Waitangi Hill-2 well is located within TAG's 530,000-acre permit area in the northern East Coast Basin of New Zealand, where TAG is pursuing both conventional and unconventional fractured oil shale prospects.
  • March 31, 2010
  • TAG Provides Resource Assessment on Winchester Permit
  • TAG Oil has completed an internal Resource Assessment on the Company's 100% controlled Winchester exploration permit PEP 38748, located in the onshore Taranaki basin, New Zealand. The analysis concludes a “best estimate” (P50) of 19.1 million stock tank barrels of original oil in place effective December 17, 2009.
  • December 21, 2009