Here’s a compelling set of figures to come out of TAG Oil’s third quarter financials.
Production revenue increased to: |
$12,976,714 for the quarter |
compared to |
$3,851,621 (nine months: $8,078,684) in Q3 of FY2011 |
Per barrel production, storage and transport costs reduced to: |
$6.94 per boe for the quarter |
compared to |
$16.57 per boe (nine months: $18.15) in Q3 of FY2011 |
Meanwhile,
TAG sold light oil:
94,545 barrels (nine months: 209,130) in the quarter |
at an average price of: |
$113.11 per barrel |
|
TAG sold gas: |
92,112 boe (nine months: 105,659 boe) |
at an average price of: |
$4.02 per mcf |