TAG Oil Ltd. Company News

Recent Articles

Results 50 articles shown

TAG Oil Gets Approval to Take 70% Operating Stake in NZ's PEP51153
TAG Oil gets approval to assume a 70 percent operating stake in petroleum exploration permit (PEP) 51153 in New Zealand's Taranaki Basin.
8:00 PM EST | June 05, 2016
NZ-Focused TAG Oil Cuts Capex for Rest of FY16 Due to Low Oil Prices
New Zealand-focused TAG Oil cuts capital expenditure by around 43 percent to about $10 million for the remainder of fiscal year 2016 due to low oil prices.
8:00 PM EST | October 14, 2015
TAG Prepares for NZ's Cheal East Field Development with New Pipeline Link
TAG Oil completes pipeline connection from Cheal East site to main production facilities in Taranaki Basin, New Zealand ahead of future development of the Cheal East discovery.
8:00 PM EST | May 26, 2015
TAG Oil Pipeline Nears Completion in New Zealand
TAG Oil reports that its pipeline construction in the Taranaki region of New Zealand is almost complete.
8:00 PM EST | May 13, 2015
TAG Oil Prepares Cheal-E2 Well in Taranaki Basin's PEP 54877 for Production
TAG Oil prepares Cheal-E2 well in PEP 54877 in New Zealand's Taranaki Basin for production.
8:00 PM EST | March 17, 2015
TAG Oil Adds 2 Exploration Permits to its Upstream Assets in New Zealand
TAG Oil adds two new exploration permits to its upstream assets in the onshore Taranaki Basin, New Zealand.
7:00 PM EST | December 11, 2014
TAG's Cheal-E6 Well Intersects Oil and Gas Bearing Sands in Taranaki Basin
TAG Oil's Cheal-E6 well intersects oil and gas bearing sands in onshore Taranaki Basin, New Zealand.
7:00 PM EST | November 25, 2014
TAG Oil Resumes Drilling, Field Optimization Work at Taranaki Fields in NZ
TAG Oil resumes drilling and field optimization work at its Taranaki oil and gas fields in North Island, New Zealand.
7:00 PM EST | November 05, 2014
TAG Oil Abandons Waitangi Valley-1 Well in PEP 38348 on Safety Concerns
TAG Oil plugs and abandons the Waitangi Valley-1 well in PEP 38348 in New Zealand's East Coast Basin after encountering extreme drilling conditions.
8:00 PM EST | September 16, 2014
TAG Oil Spuds Waitangi-1 Well in PEP 38348 in NZ's East Coast Basin
TAG Oil spuds Waitangi-1 well in petroleum exploration permit 38348 in New Zealand's East Coast Basin.
8:00 PM EST | July 24, 2014
TAG Oil Outlines FY2015 Operational Plans for its New Zealand Assets
TAG Oil outlines the company's operational plans for its New Zealand assets in fiscal year 2015.
8:00 PM EST | May 07, 2014
TAG Gets Approval to Drill Waitangi Valley-1 Well in NZ's East Coast Basin
TAG Oil receives approval to drill the Waitangi Valley-1 well in petroleum exploration permit 38348 in the East Coast Basin, New Zealand.
8:00 PM EST | May 05, 2014
East West Petroleum Updates on Operations at Taranaki Basin in NZ
East West Petroleum provides an update on its upstream operations in New Zealand's Taranaki Basin.
8:00 PM EST | March 10, 2014
TAG Oil Updates on Drilling at its Taranaki Basin Assets
TAG Oil provides an exploration and development drilling update of its upstream assets in Taranaki Basin, New Zealand.
7:00 PM EST | January 09, 2014
TAG Oil Discloses Encouraging Results in Taranaki Basin Drilling Program
TAG Oil discloses that new wells in the company's drilling program currently underway in the Taranaki Basin in New Zealand are showing encouraging results.
7:00 PM EST | November 04, 2013
TAG Oil Gets Consent for Fracture Stimulation at Cardiff-3 in PML 38156
TAG Oil reports that the Taranaki Regional Council gave its approval to the firm to perform a fracture stimulation on the Cardiff-3 well in Petroleum Mining License 38156 in New Zealand.
8:00 PM EST | October 08, 2013
TAG Oil Completes Drilling at Cheal-E2 Exploration Well in Taranaki Basin
East West Petroleum reports that operator TAG Oil has completed drilling at Cheal-E2 exploration well in New Zealand's Taranaki Basin.
8:00 PM EST | October 02, 2013
Drilling Underway at Cardiff-3 Well in PEP 38156 in Taranaki Basin
TAG Oil announces that drilling is underway at Cardiff-3 well in Petroleum Mining Permit 38156 in onshore Taranaki Basin, New Zealand.
8:00 PM EST | September 18, 2013
TAG Oil Lays Off 60 Workers at Sidewinder Site in New Zealand
TAG Oil lays off 60 workers and stops drilling operations at the newest well on its Sidewinder site following complaints of noise levels exceeding prescribed limits, a senior company official says.
8:00 PM EST | June 04, 2013
TAG Oil Drills Ahead at New Zealand Well
TAG Oil Ltd. reported that drilling of TAG's 100 percent-controlled Ngapaeruru-1 exploration well is drilling ahead, and has encountered elevated mud gas readings.
8:00 PM EST | May 06, 2013
Tag Oil Commences Drilling Ngapaeruru Well in New Zealand
The Ngapaeruru-1 exploration well is targeting the Waipawa black shale and Whangai source rock formations at an anticipated depth of 5,906 feet.
8:00 PM EST | April 21, 2013
TAG Oil, Apache Conclude Farmout Agreement for NZ Permits
TAG Oil Ltd. concludes an agreement with Apache New Zealand Corporation LDC, which results in an early termination of the Farmout Agreement dated Sept. 1, 2011.
7:00 PM EST | January 31, 2013
TAG Oil Looks Ahead at 2013 Taranaki Drilling Campaign
TAG Oil Ltd. has announced its anticipated 2013 Taranaki Basin drilling program within the Cheal and Sidewinder fields.
7:00 PM EST | January 23, 2013
TAG Extends Footprint in NZ Canterbury, East Coast Basin
TAG Oil Ltd. enters an agreement with Rawson Taranaki Limited and Zeanco (NZ) Ltd. to acquire three New Zealand exploration permits.
8:00 PM EST | June 03, 2012
NZOG to Raise Kaheru Stake, Become Permit Operator
NZOG on Friday announced it has entered into further conditional agreements to become operator and increase its stake in the highly prospective offshore Taranaki permit, Kaheru.
8:00 PM EST | May 24, 2012
TAG Oil Confirms Additional Oil Pay at Cheal Field
TAG Oil Ltd. announced that the recently drilled Cheal-B6, Cheal-A9 and Cheal-A10 wells confirm a commercial oil discovery within the Urenui Formation at a depth of approximately 4,593 feet.
8:00 PM EST | April 01, 2012
Tag Oil Earmarks $66M Capex for Taranaki Growth
TAG Oil Ltd. is initiating a $66 million capital expenditure program within the 100%-controlled Cheal and Sidewinder fields in the Taranaki Basin, New Zealand.
7:00 PM EST | March 06, 2012
TAG Sees More Success at Cheal Field
TAG Oil reports their Cheal-B7 discovery well has been flow tested and is naturally flowing at an average rate of more than 1,100 barrels of light oil per day plus associated gas.
7:00 PM EST | March 04, 2012
TAG Oil All Smiles over Cheal Flow Rates
TAG Oil reported that TAG's Cheal-C1, Cheal-C2 and Cheal-A8 wells have now been flow tested.
7:00 PM EST | December 07, 2011
TAG Oil: Flow Rates Boost Cheal Potential
TAG Oil reported the Cheal-B5 discovery well is naturally flowing at an average rate of 1,870 barrels of oil equivalent per day.
7:00 PM EST | December 04, 2011
TAG Oil Granted Consent to Drill 18 Cheal Wells
TAG Oil has received consent from the Taranaki Regional Council and the Stratford District Council to drill 18 new wells within TAG's 100%-owned Cheal Oil and Gas Field in New Zealand.
7:00 PM EST | November 27, 2011
TAG Makes Headway in Cheal Drilling Campaign
TAG Oil reported continued positive drilling results at the Cheal field, with the completion of the first two wells of a ten-well drilling campaign.
8:00 PM EST | November 01, 2011
Commissioning Underway at TAG's Sidewinder Facility
TAG Oil announced completion and commissioning of the Sidewinder Production Facility and 3.5km pipeline located in the onshore Taranaki Basin, New Zealand.
8:00 PM EST | October 30, 2011
TAG Oil Posts Profit Increase in 1Q11
TAG Oil has filed its June 30, 2011 unaudited financial statements and Management Discussion and Analysis with the Canadian Securities Administrators for the first quarter of the March 31, 2012 fiscal year.
8:00 PM EST | September 28, 2011
TAG Kicks Off 10-Well Taranaki Campaign
TAG Oil reported that drilling operations have now resumed at the Company's 100%-owned Cheal oil and gas field, with the spudding of the Cheal-C2 well.
8:00 PM EST | September 26, 2011
TAG Resumes Drilling Ops at Cheal Field
TAG Oil reported that drilling operations have now resumed at the Company's 100%-owned Cheal oil and gas field, with the spudding of the Cheal-C2 well.
8:00 PM EST | September 25, 2011
TAG Enters Farmout Agreement with Apache in NZ East Coast Basin
TAG Oil reported that it has entered into a farmout agreement with Apache to explore and potentially develop oil and natural gas resources in the East Coast Basin of New Zealand.
8:00 PM EST | September 01, 2011
TAG Confirms O&G Discoveries in Taranaki Basin
TAG reported that strong test results confirm new oil and gas discoveries in the Sidewinder-2 well and the Cheal-C1 well, both located in the Taranaki Basin, onshore New Zealand.
8:00 PM EST | August 10, 2011
TAG Boasts Production Increase in Year-End Results
Production revenue for 2011 increased to $13,088,423 compared to $6,527,585 in 2010, according to TAG Oil.
8:00 PM EST | August 01, 2011
TAG Flows Rates of 8.8 MMcf/d at Sidewinder-2
TAG Oil reported that a 4-Point Isochronal flow test was completed over the main discovery zone in the Sidewinder-2 discovery well, which achieved stabilized flow rates of 8.8 million cubic feet per day.
8:00 PM EST | June 22, 2011
Tag Concludes Initial Flow Testing at Sidewinder-4 Well
TAG Oil reported the initial flow testing of the Sidewinder-4 discovery well, the third of four Sidewinder wells to be tested, is now complete.
8:00 PM EST | June 08, 2011
Tag Extends Mt. Messenger Play with Oil Discovery
The Cheal-C1 well was drilled approximately 3.5 km to the northwest of the existing Mt. Messenger producing wells, with results extending the Mt. Messenger oil saturation area over a considerably larger area than previously known.
8:00 PM EST | June 06, 2011
Tag Completes Initial Flow Test at Sidewinder Well
TAG Oil reported that the initial flow test of the Sidewinder-3 discovery well is now complete.
8:00 PM EST | June 01, 2011
Tag Touts Flow Test Results at Cheal-B4ST Well
TAG Oil announced that completion and flow testing operations on the Cheal-B4ST discovery well located in PML 38156, Taranaki Basin, New Zealand, have been completed.
8:00 PM EST | May 30, 2011
TAG Sees 221% Increase in Taranaki Reserves
TAG Oil reported that an independent assessment of reserves has been on TAG Oil's 100%-owned Cheal Mining Permit and Sidewinder Exploration Permit located in the Taranaki Basin.
8:00 PM EST | May 22, 2011
TAG Oil Sees Increase in Taranaki Reserves
TAG Oil reported that an independent assessment of reserves has been completed as of March 31, 2011 on Cheal Mining Permit and Sidewinder Exploration Permit, located in the Taranaki Basin.
8:00 PM EST | May 18, 2011
TAG Oil Continues Taranaki Streak with Sidewinder Discovery
TAG Oil confirms a light O&G discovery at the Sidewinder-3 exploration well, the Company's fourth new O&G discovery in 5 months.
8:00 PM EST | April 04, 2011
TAG Oil Discovers 3rd Taranaki O&G Find in 2011
TAG Oil reported that the sidetracked Sidewinder-2 well is confirmed as a multi-zone, light oil and gas discovery.
8:00 PM EST | March 13, 2011
TAG Oil Makes Oil Find in Taranaki Basin
TAG Oil reported that the Cheal-B4ST well is a multi-zone light oil discovery.
7:00 PM EST | March 02, 2011
TAG Oil Commences 'Aggressive' Drilling Campaign at Cheal Field
TAG Oil is now commencing an aggressive drilling campaign targeting the shallow formations at the 100%-controlled Cheal oil and gas field.
7:00 PM EST | February 14, 2011