Exploration & Production | Top Story | Quarterly / Earnings Reports
TAG Oil Starts Extensive New Zealand Drilling Campaign
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TAG Oil Ltd. has reported its financial results with the Canadian Securities Administrators for the Company's June 30, 2013 first quarter fiscal 2014 year.
Q1 2014 TAG Oil Highlights Daily average production increased 39% in Q1-14 compared to Q4-13. Purchased 260,000 common shares of the Company for cancellation and return to treasury at an average price of $3.05 per share. Drilled and cased the Ngapaeruru-1 well in the East Coast Basin, intersecting 155 meters of unconventional oil and gas reservoir in the source rock. Signed a new surface access agreement in the East Coast Basin permit to allow for drilling access on PEP 38348 (Waitangi Hill area). Fully Funded 12-Well Drilling Campaign Launching August 2013During the remainder of the 2014 fiscal year TAG will execute the most…
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