TAG Oil Blog

Praise and mutual respect at the Ngaere Cheal Plant Opening

Posted by Denise della Santina on Jun 15, 2013 12:11:00 PM

New Zealand Prime Minister John Key officially opened TAG Oil’s expanded gas production plant at the Cheal-A site last Friday. About 100 others joined the festivities, including government ministers, representatives of Taranaki's Ngati Ruanui, North American analysts, principals from local elementary and high schools, landowners, and regional organizations who may soon be hosting other explorers, as New Zealand expands its search for oil and gas.

Prime Minister Key flew to Taranaki to show the government’s full support of TAG Oil and New Zealand’s commitment to its energy sector: "Taranaki is a magnificent example of the energy industry's potential to create employment and income. The region shows that if you get it right, there's huge potential for a safe, environmentally sensible and highly productive way of bringing wealth to New Zealand."

Debbie Ngarewa-Packer, South Taranaki's Ngati Ruanui iwi chief executive, was equally positive, thanking TAG for "investing in this nation and for investing in Ngati Ruanui." She continued with her praise of TAG’s open communication with both the Taranaki iwi and Cheal’s neighboring farmers from the start. 

As TAG Oil COO Drew Cadenhead expressed at the opening, we in turn are fully appreciative of our neighbors, our valued local workers and the New Zealand government for their support. We’ve been in the business long enough to never take trust and mutual respect for granted.

Image 7 resized 600After the breakfast and speeches, New Zealand Prime Minister John Key sent the gas production plant into full production with a few mouse clicks, and then toured the facility.

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Cheal Plant opening ceremonies graced by
a Ngati Ruanui dance.

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PM John Key etches his initials into the ice on the gas refrigeration unit.

Topics: Cheal Production Facility, Taranaki, Announcements, New Zealand, oil and gas production

Oil and gas exploration as (responsible) economic engine

Posted by Denise della Santina on May 26, 2013 10:19:00 PM

There’s been a lot of good, constructive dialogue in New Zealand recently between industry, indigenous populations and local government, most recently in the East Coast Basin where TAG Oil is actively exploring and the Ngati Kuhungunu iwi live.

As reported recently in the online FW+, iwi members are supporting economic development in addition to tending to environmental concerns.

describe the imageTAG is 100% committed to observing blue-chip standards of operation, and we take our responsibility to the environment very seriously. Over the past 15 years, we’ve developed resources in the safest way possible -- with the most sophisticated methods available -- doing our utmost to not compromise New Zealand’s rich beauty or natural resources. We’ll continue to do so, and we very much appreciate it when our professionalism and care are acknowledged and respected as much as we respect the concerns of our neighbors.

We live here too, with our children and grandchildren. We’re also engineers, scientists and business people who apply substantial resources to due diligence and the search of facts and knowledge. An open, informed and measured discussion on balancing economic and environmental concerns is critical, and we look forward to continuing the conversation.

“The iwi wanted to help the whole community into work. Oil and gas exploration could help achieve that….” To link to the full FW+ article, please click here: http://bit.ly/Z3p9u4

Topics: East Coast Basin, unconventional oil, New Zealand, Canterbury Basin

TAG Oil as Taranaki Basin corporate citizen

Posted by Denise della Santina on Jan 3, 2013 12:08:00 PM

One way TAG Oil is pleased to support our community is by helping to refurbish Ngaere School’s Lowgarth Hall with a $5,000 a year award for the next five years. This year’s grant went towards upgrading the lighting and heating systems. Though New Zealand is in the midst of summer, they’re looking ahead, and this work will make the Hall much more comfortable for the many groups that use it year-round. In addition, the upgrades will reduce the amount of energy used, and the school’s power bills.

TAG Oil as Taranaki Basin corporate citizenIn other community news, TAG awarded its first annual scholarship to Matt Simpson, a senior at Stratford High School. Matt was selected to receive the scholarship out of a worthy field of candidates based on his impressive academic career as well as his interest in pursuing an engineering or sciences degree. He’s spending his summer working at TAG Oil’s Cheal A site, gaining some first-hand oil and gas experience prior to going to the University of Canterbury.

Whether you’re rounding the bend towards shorter nights and warmer days, or celebrating your longest day of the year in the southern hemisphere, happy holidays and all the best for your new year.

Topics: Taranaki, Announcements, New Zealand

Credit Suisse analysis? TAG Oil is differentiated from its peers.

Posted by Denise della Santina on Oct 5, 2012 8:50:00 AM
Credit Suisse logo

Credit Suisse has initiated coverage of TAG Oil, citing the company’s “layers of success” that include its portfolio of assets, location of operations, strong balance sheet and successful track record and demonstrated ability to execute.

What they specifically highlighted:

  • The 5,000 boe/d in behind pipe production that TAG is set to bring in by Q1/13 will contribute cash flow to a strong net cash balance of C$106 million at FQ1/13. That, plus the lack of long-term debt, will enable the Company to continue to self-fund its growth.
  • 380AandF prod 2012TAG’s proven success in the Taranaki Basin, and the Basin’s multiple layers of prospective hydrocarbon zones: the shallow basin plays of Cheal and Sidewinder which are fueling growth and profitability now, as well as the deeper condensate- rich plays of Hellfire and Cardiff, which will drive midterm growth in FY 2013 and 2014.
  • The potential of long-term tight oil: As exploration with Apache Corp continues in the East Coast Basin, the value generation potential of 13 billion barrels OOIP estimated in TAG Oil’s permit assets could be significant. 
  • New Zealand operations provide a low geopolitical risk, operating and transportation costs are lower cost than many North American oil and gas producers, and there are no seasonal considerations that impede many Canadian drilling operations.
You can access contact information for the Credit Suisse research analyst covering TAG Oil here.

Topics: East Coast Basin, Cardiff, Hellfire, third-party reports, unconventional oil, Financial coverage, Taranaki, Announcements, Apache Corp, New Zealand, Cheal Oil Field, tight oil

Improvements are good for TAG Oil and the neighborhood

Posted by Denise della Santina on Sep 5, 2012 10:33:00 PM
We’ve added attenuators (mufflers) on top of the power units for Nova-1 No more flaring to dirt pits for TAG! This is one of our new "flare stacks" with built in containment

(Top) No more flaring to dirt pits for TAG! This is one of our new "flare stacks" with built in containment. Though commonplace in Canada, this is a first in New Zealand. Other New Zealand operators are very interested to see how these work, as are the regulatory bodies in New Zealand.

(Left) We’ve added attenuators (mufflers) on top of the power units for Nova-1. These cut the rig noise almost in half, appreciated by neighbors and our team alike.

Cheal Production Station flare, which will be sold once the infrastructure upgrade is finished.

Cheal Production Station flare, which will be sold once the infrastructure upgrade is finished.

enjoying the winter sunshine

Here’s Jesse, a Cheal operator, enjoying the winter sunshine as TAG tankers "fill'er up."


Topics: Cheal Production Facility, Mt. Messenger, Taranaki, Cheal-C site, New Zealand, pipeline, Cheal Oil Field, oil and gas production

TAG Oil Double Vision

Posted by Denise della Santina on Dec 30, 2011 1:29:00 PM

A tanker of TAG’s crude oil drives past the TAG offices, en route from the Omata Tank Farm on the outskirts of New Plymouth, where our oil gets delivered from the Cheal field. 

TAG Oil

Topics: Taranaki, New Zealand, oil and gas production

Donating to the Stratford and Eltham Volunteer Fire Brigades

Posted by Kris Clark on Dec 1, 2011 7:51:00 AM

TAG Oil is proud to support the community by funding “Hot Fire Training” for the Stratford and Eltham Volunteer Fire Brigades. The training helps the volunteer brigade practice their firefighting techniques under real fire conditions at a training facility in Stratford.

They’re a tough and dedicated group, and it’s our pleasure to help them grow more accomplished in this important job. These photos from a recent training really say it all.

Stratford and Eltham Volunteer Fire Brigades Fire Brigade Hot Fire Training
Firefighting training Training techniques
TAG supports the Stratford and Eltham Volunteer Fire Brigades Stratford and Eltham Volunteer Fire Brigades Hot Fire Training

Topics: Taranaki, New Zealand

TAG Oil-sponsored Taranaki bests Southland in Ranfurly Shield win!

Posted by Denise della Santina on Aug 25, 2011 4:06:00 PM

The hard-fought rugby match was a double celebration for the Taranaki team, who secured the shield and cleared relegation danger. They defend in New Plymouth against Hawkes Bay this coming Sunday, in a little west coast versus east coast rivalry.

A parade from downtown to the Stadium—with a predicted 35,000 in the stands—will allow proud locals to celebrate the team.

Taranaki last won the shield 15 years ago...to the day of today's win. Congratulations guys, and keep your foot on the gas!

TAG Oil
TAG Oil’s logo “proudly” displayed.
Ash Parker takes the ball from a lineout for Canterbury, in Saturday’s ITM Cup drubbing.
Photo: Joseph Johnson/photosport.co.nz
Ash Parker takes the ball from a lineout for Canterbury, in Saturday’s ITM Cup drubbing.
Ranfuly Cup game
A happier result for team Taranaki in yesterday’s Ranfurly Cup game.

Topics: Taranaki, Announcements, New Zealand

Check out our new home.

Posted by Kris Clark on Apr 28, 2011 5:11:00 PM

TAG’s new field office is making quite a splash in New Plymouth…mostly good…. Why not have a little fun, right?

TAG Oil TAG Oil

Topics: Taranaki, New Zealand, Technical team

Happy holidays everyone!

Posted by Kris Clark on Dec 23, 2010 4:18:00 AM

We’re taking some well-deserved time off to enjoy our warm winter holidays (a nice benefit to being in New Zealand). See you in 2011!

Gone fishin'
Gone fishin'.

Topics: New Zealand, Technical team