TAG Oil Blog

TAG Oil Proud to be an “Overall Energy Company of the Year” Finalist

Posted by Denise della Santina on Aug 19, 2014 11:41:00 AM

Following a rigorous judging process, TAG Oil was delighted to be a finalist in the prestigious Deloitte Energy Excellence Awards, as one of just four companies in the Overall Energy Company of the Year category. 

Chairman of the Judging Panel Richard Westlake said the caliber of entries was extremely high and the finalist selection process had been a tough one. The finalists were: 

  • Meridian Energy
  • TAG Oil
  • Shell New Zealand
  • Mighty River Power

Although TAG Oil was edged out by global “supermajor” Shell (Shell New Zealand), we got great feedback and support, and are pleased with what we’ve accomplished in New Zealand to date.  Said Judge Westlake, "The judging panel was impressed by the depth and quality of the entries and our task certainly hasn't been easy. Some of the entries this year were the best the panel has seen."

Energy Awards 2 edit

Representing TAG Oil at the blacktie gala were, left to right: Ryan Brown, Carey Davis, Chris Ferguson, Shane Hamnett and Drew Cadenhead. 


Now in their fifth year, the Excellence Awards provide an opportunity to recognize excellence and achievement across the electricity, oil, gas and petroleum industries.

Whether it’s providing New Zealand homes and businesses with a reliable energy supply or exploring the country’s underdeveloped resources, this sector provides exciting opportunities for innovation and investment.               

The Deloitte Energy Excellence Awards have been formed to recognise and celebrate excellence across the many disciplines that comprise the sector. “                       

                                     --- Hon Simon Bridges, Minister of Energy and Resources

 

Topics: community, Announcements, TAG shareholders, New Zealand

Exchange approval for continued share buyback

Posted by Denise della Santina on Dec 9, 2013 9:26:00 AM

Via press release on Friday (and here for those of you who missed it) TAG announced its intention to acquire up to 6,073,339 of its common shares for cancelation through the Toronto Stock Exchange, subject to TSX acceptance. 

Screen Shot 2013 12 08 at 12.39.23 PM

TAG's share buyback program is based on our belief that the market price of the Company's shares don't reflect their underlying value. Purchasing and cancelling shares will increase the proportionate interest of remaining shares, which is to the advantage of shareholders. To follow the progress please click here: http://canadianinsider.com/node/7?menu_tickersearch=tao

The common shares that may be repurchased over a twelve-month period represent approximately 10% of TAG's 60,733,391 outstanding common shares in the public float. There have been 867,000 common shares purchased and cancelled under a normal course issuer bid by TAG within the past 12 months at an average weighted purchase price of $3.83 per common share. Now back to drilling for oil and gas!

Topics: Financials, Announcements, TAG shareholders