TAG Oil Blog

TAG Oil gets some love from “The Street”

Posted by Denise della Santina on Mar 15, 2012 3:39:00 PM

TAG Oil was in some pretty nice company in a recent Frank Byrt piece in The Street. For the whole article link here, http://ow.ly/9FcGr, and for an excerpt, read on.

TAG Oil, The Street

Boston | Frank Byrt | The Street | 3/12/12

10 Best-Performing Stocks in Three-Year Bull Market

"…In order to find the best of the last group, I screened Morningstar data for companies with solid financial fundamentals, a market value of at least $250 million and a three-year average annual return of 200% or better.

Surprisingly, there is only one technology company in the group, and the rest are a smorgasbord, including a yoga-wear retailer, a Las Vegas casino developer and a Canadian oil driller that went all the way to New Zealand to get at black-gold deposits….The 10 stocks we found are summarized below…”

10. TAG Oil (TAOIF)

TAG Oil, with a market value of $547 million, is a Canadian company producing and exploring for oil and natural gas in oil shale in New Zealand…. Its shares are up 43% this year and have a three-year, average annual return of 318%. No U.S. analyst coverage is available, but hedge fund manager Elliott Associates, with $15 billion in assets, is the biggest stakeholder at 12%, followed by Fidelity and Fidelity Canada, with a combined 7%. Tag Oil said today that it upped its capital expenditures by $66 million to expand oil and gas drilling at its company-owned fields in New Zealand, because its efforts have been so successful.

9. Dollar Thrifty Auto Group (DTG )

Dollar Thrifty, with a market value of $2 billion, owns, operates and franchises car rental operations throughout the U.S., Canada and abroad. 

8. Pharmacyclics (PCYC)

Pharmacyclics, with a market value of $1.8 billion, is a developer of pharmaceuticals used to treat certain cancers and cardiovascular disease. 

7. Mitek Systems (MITK)

Mitek, with a market value of $302 million, is the developer of software used for image recognition, used in check and document processing, and forgery detection.

6. Jazz Pharmaceuticals (JAZZ)

Jazz Pharmaceuticals, with a market value of $2.8 billion, is a specialty-pharmaceutical company that develops and markets medical products in the fields of neurology and psychiatry. 

5. Select Comfort (SCSS)

Select Comfort, with a market value of $1.8 billion, makes air beds and other sleep-related products. The company's mattresses have adjustable firmness levels and range in prices up to $2,600. 

4. Keryx Biopharmaceuticals (KERX)

Company profile: Keryx, with a market value of $299 million, acquires and develops products for the treatment of diseases, including diabetes and cancer. 

3. Pier 1 Imports (PIR)

Pier 1 Imports, with a market value of $1.9 billion, is a retailer of decorative accessories, furniture, housewares, and seasonal items imported from more than 50 countries. Pier 1 has over 1,000 stores.

2. Lululemon Athletica (LULU)

Lululemon Athletica, with a market value of $8 billion, is a specialty retailer and designer of upscale athletic apparel for women, with a focus on yoga-inspired merchandise.

1. Las Vegas Sands (LVS)

Las Vegas Sands, with a market value of $40 billion, is the world's largest operator of integrated resorts encapsulating casinos, hotels, entertainment, food and beverage, retail, and convention center operations.

Content copyright of The Street, Inc. 14 Wall Street, 15th Floor, New York, New York 10005. For the whole article, link here: http://ow.ly/9FcGr.

Topics: third-party reports, Financial coverage, Announcements, Product Information

Tracking TAG Oil’s production, development and infrastructure

Posted by Denise della Santina on Mar 8, 2012 7:52:00 AM

We put together a simple table to bring you up to speed on TAG’s Taranaki Basin oil and gas producing and drilling activity. The table includes producing oil and gas wells, wells in development (some awaiting workover operations as well as improvements in production infrastructure, to bring additional production that’s currently sitting behind pipe, on-stream), and our next condensate targets to be drilled. Status will change quickly, but here’s a snapshot of how TAG Oil's drilling and workover program stands now.

Taranaki Shallow Drilling and Workover Program

Cheal A

A1

Behind pipe awaiting infrastructure expansion

 

A2

Waterflood workover

 

A3X

Producing

 

A4

Waterflood workover

 

A7

Behind pipe awaiting workover

 

A8

Behind pipe awaiting infrastructure expansion,

 

A9

Drilled, awaiting test

 

A10

Drilled, awaiting test

 

A11

To be drilled

 

A12

To be drilled

Cheal B

BH1

Producing

 

B1

Behind pipe awaiting workover to initiate Urenui Production

 

B2

Behind pipe awaiting workover to initiate Urenui Production

 

B3

Producing

 

B4ST

Producing

 

B5

Flowing 800 to 1300 bbls/day

 

B6

Testing

 

B7

Flowing 800 to 1075 bbls/day

Cheal C

C1

Producing; oil being trucked to the Cheal Production Station

 

C2

Excellent flow test results, behind pipe awaiting workover

 

C3

To be drilled

 

C4

To be drilled

Sidewinder 

SW1 - SW4

 

Producing 2 to 3 million cubic feet of gas per day (350–500 boe/day), and 30 to 50 barrels of light oil / day. Permanent tie-in completed. Anticipate 8 to 10 million cubic feet of gas per day once compression installed.

 

SW5

To be drilled

 

SW6

To be drilled

Topics: Cheal Production Facility, exploration well, Mt. Messenger, Urenui, Taranaki, Cheal-C site, Sidewinder Production Facility, Cheal Oil Field, Sidewinder Discovery, drilling

Keeping infrastructure apace with oil and gas discoveries

Posted by Denise della Santina on Mar 6, 2012 11:16:00 AM

Cheal Production FacilityTAG Oil’s drilling success has surpassed its facility capabilities, so we’re investing in infrastructure expansion to help us bring all production on stream. The expansion will also help to commercialize future discoveries without delay.

After drilling 14 successful oil and gas wells in a row, combined with our ongoing Taranaki drilling program, it became necessary to expand Cheal’s infrastructure, including:

  • Triple oil-lifting capacity;
  • Triple gas compression capacity;
  • Build a gas plant at Cheal capable of stripping LPG and liquid hydrocarbons from Cheal gas;
  • Build the Cheal-C site oil battery to establish permanent production from recent Cheal-C discoveries, as well as allow for future development;
  • Add new pipelines to tie the Cheal-C site to the Cheal-A site and add a new 6,000 meter pipeline from Cheal to New Zealand’s open access gas transmission line to maximize marketability of TAG’s gas production;
  • Establish TAG as a third-party gas processor in Taranaki.

Topics: Cheal Production Facility, Cheal-C site, Cheal Oil Field, third-party gas processor