TAG Oil Blog

Our offshore rig sails by the window

Posted by Denise della Santina on Mar 25, 2014 1:23:00 PM

Here's a snapshot we took out of TAG Oil's New Plymouth board-room window yesterday. It's the Ensco-107 Jack-up rig we'll eventually be using to drill Kaheru, in transit, sitting off Port Taranaki.

The Kaheru is a prospect in shallow waters -- about 22 meters deep -- and just eight miles offshore, on the same thrust belt play fairway as several of Taranaki's successful oil and gas fields. 2D and 3D seismic show this to be an offshore extension of the producing, Miocene-aged discovery trend, and we're excited about the discovery potential of this prospect. Not to mention...how cool is this?

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Topics: Taranaki, offshore exploration, Kaheru

TAG Oil meets the public at the Hong Kong Mines & Money event

Posted by Denise della Santina on Mar 24, 2014 5:14:00 PM

Hong KongWe're joining mining companies from around the world over the next few days at the Hong Kong Mines & Money show, which is in its seventh year and attracts thousands of investors. Since HK is closer to where we operate in New Zealand, we thought it was a good chance to meet some investors closer to the source.

With TAG's revenue up 19% for the three months to December 31 (to $12.9 million), and net income more than quadrupled compared to the prior year period, this is a good time to be out and about with the TAG Oil story. And with operating netbacks of $78 / barrel of oil during the latest period, which is once again substantially higher than what's being achieved in North America, it's a great time to be operating in close proximity to Asia.

This five-day event runs from 24-28 March at the Hong Kong Convention and Exhibition Centre, with a good line-up of speakers. If you happen to be in the area, drop by and chat with our IR Director Seth Kay, and pick up some materials that are hot off the presses.

Topics: Announcements

Another US-Based investment newsletter follows TAG Oil

Posted by Denise della Santina on Mar 9, 2014 6:30:00 PM

Bill Mathews, editor of the investment newsletter The Cheap Investor, featured TAG Oil in the March 2014 issue.

Citing TAG's excellent balance sheet, increasing revenues and earnings, and undervalued stock price, the editors, "believe TAG Oil has the potential to move at least 50 to 100% over the next year."

They also suggested that TAG list on the NASDAQ or NYSE MKT Exchange in addition to the Toronto Stock Exchange and OTC, for better exposure and a greater institutional following in the U.S.

Bill, we'll let you know if we take your advice! 

Screen Shot 2014 03 06 at 5.51.22 PMThe CHEAP Investor has a stellar track record of picking winning stocks. Their philosophy is based on hard work, researching hundreds of stocks in order to find the ones that are undervalued, and selling at a good low price. For the 56 months ending June 2013 (their last accounting), they've recommended 265 winning stocks out of 268 chosen, with average gains of 179%.

Topics: Financial coverage, Announcements