Exploration & Production | Operational Updates | Top Story | Quarterly / Earnings Reports
TAG Ups Revenue; Plans Multi-Basin NZ Drilling
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TAG Oil Ltd. has reported its financial results for the quarter ended December 2012.
Q3-2013 and Recent Operating Highlights TAG Oil's production revenue increased 23% to $32.29 million for the nine months ended December 31, 2012 , compared to $26.21 million in the comparable period last year; During Q3-2013 TAG produced an average of 1,727 BOE per day with a production revenue increase by 13% to $10.85 million compared to $9.62 million in Q2-2013; The Company generated a net profit for the quarter of $2.64 million (nine months: $9.40 million ) before deducting $2,004,076 (nine months: $4,344,751 ) non-cash share-based compensation; TAG remains debt free with approximately $72 million in cash at the date of this report; TAG sold 86,687 barrels of oil during the last quarter (nine months…Finish this article — free account or subscription
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