TAG Oil Blog

Cheal production infrastructure update

Posted by Denise della Santina on Feb 10, 2013 3:59:00 AM

The guys in the field are pushing hard to get the bulk of the Cheal infrastructure upgrades done in March, 2013, allowing us to initiate some increased oil and gas production shortly thereafter, and getting our higher capacity production fully online by late March as planned. But we slowed them down long enough to snap some photos, so we could keep abreast of the activity.

Getting the gas to gas exchanger into place
Getting the gas to gas exchanger into place
Crane-lifting in the cooler
Crane-lifting in the cooler
Pipeline rack modules and compressor
Pipeline rack modules and compressor

Topics: Cheal Production Facility, oil and gas production

TAG's East Coast Basin Exploration: Onward and Upward!

Posted by Denise della Santina on Feb 5, 2013 7:43:00 AM

TAG Oil has experienced heavy trading activity recently, with over 13 million shares traded in January. This is due in part to the news that Apache has exited our East Coast Basin joint venture as part of their global corporate repositioning.

We have strong support from analysts following TAG, and the entire TAG team including large shareholders are delighted to take back 100% control of the project, sending out positive feedback to the investment community.

We're happy to move forward with the strong technical work that TAG and Apache accomplished together in the East Coast Basin, and are ready to begin exploration drilling in this frontier blanketed with conventional and unconventional oil and gas opportunities.

Says MPartners, "We view the quick, cash settlement with Apache positively." 

Says Credit Suisse, "We maintain our Outperform rating and raise our TP to $9.50."

Says Casimir Capital, "TAG back in the driver's seat...Recommendation: Strong Buy."

Says National Bank Financial, "Reiterate Outperform Rating...We continue to like the stock at these levels."

Topics: East Coast Basin, third-party reports, Financial coverage, Apache Corp