TAG Oil

{{Infobox company

| name = TAG Oil Ltd.

| logo = TAG_Oil_logo.png

| logo_size = 200px

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| type = Public

| traded_as = {{TSX-V|TAO}}

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| location_city = Vancouver

| location_country = Canada

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| key_people = Alex P Guidi, Chairman
Toby Pierce, CEO

| products =

| production = 1,263 BOE/d{{cite press release| url=http://www.tagoil.com/news/tag-oil-reports-q3-results/| title=TAG Oil Reports Q3 Results| date=18 February 2016| publisher=TAG Oil}}

| services =

| revenue = {{decrease}}$ 53,737,165 (F2015) {{cite web| url=http://www.tagoil.com/wp-content/uploads/2016/02/TAG-Corp-Presentation_2-1-16.pdf| title=Corporate Presentation| date=January 2016| publisher=TAG Oil}}

| operating_income = {{decrease}}$ 27,793,187 (F2015)

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| homepage = {{URL|http://www.tagoil.com/}}

}}

TAG Oil is a Canadian-based oil and gas company headquartered in Vancouver, Canada, and traded on the TSX Venture Exchange under trading symbol “TAO”. TAG production and exploration activities are located in the Taranaki basin of New Zealand.

Activities

TAG Oil is developing its 100%-owned, Cheal and Sidewinder oil and gas fields in the onshore Taranaki Basin, and has rights to undeveloped prospective formations in Taranaki. The Taranaki basin is still lightly explored compared to many comparable rift complex basins of its size and potential. {{citation needed|date=March 2016}}

The Company operates exploration and production permits in the Taranaki Basin, including a 40 percent interest in shallow water offshore permit Kaheru, which amounts to 57,000 net acres of land onshore and 21,000 net acres offshore.

TAG owns its production infrastructure and associated pipeline network, linking gas that the company produces to the main Taranaki distribution pipeline. The oil produced is sold to Australasian refineries.

There has been local opposition to drilling activities in Taranaki.{{cite news| url=http://www.stuff.co.nz/taranaki-daily-news/news/9215693/Residents-upset-over-new-well-site| title=Residents upset over new well site| publisher=Fairfax NZ| date=27 September 2013| first=Michele| last=Ong}}{{cite news| url=http://www.stuff.co.nz/9309814/Tribal-fury-at-drilling-plans| title=Tribal fury at drilling plans| date=22 October 2013| publisher=Fairfax NZ}}

In 2015, TAG relinquished its rights to a petroleum exploration permit for Waitangi Hill, and has halted plans for various exploration projects.{{cite news| url=http://www.stuff.co.nz/business/industries/72145509/TAG-Oil-abandons-East-Coast-as-price-slump-dents-exploration-business| title=TAG Oil abandons East Coast as price slump dents exploration business| first=Simon| last=Hendery| date=15 September 2015| publisher=stuff.co.nz}}{{cite news| url=http://www.radionz.co.nz/news/bites/298329/nz-oil-and-gas-ditches-plan-to-drill-off-patea| title=NZ Oil and Gas ditches plan to drill off Patea| date=7 March 2016| publisher=RNZ National}}{{cite news| url=http://www.stuff.co.nz/business/73033837/taranaki-oil-explorer-slashes-spending-plans-until-oil-price-recovers.html| title=Taranaki oil explorer slashes spending plans until oil price recovers| first=Hamish| last=Rutherford| date=15 October 2015| publisher=Taranaki Daily News}}

Leadership

TAG was founded by Alex P. Guidi, who is also the Chairman of the Company.

In June 2015, Toby Pierce became Chief Executive Officer of TAG Oil. Other executives include CFO Chris Fergusen and COO Henrik Lundin.

The TAG Oil Board consists of Brad Holland, Keith Hill, Ken Vidalin and Dr. David Bennett.

Subsidiaries

TAG Oil (NZ) Limited{{cite web| url=http://www.tagoil.com/corporate-structure.asp| title=Corporate Structure| publisher= TAG Oil}}
TAG Oil (Offshore) Limited
Cheal Petroleum Limited
Trans-Orient Petroleum Ltd
Eastern Petroleum (NZ) Limited
Orient Petroleum (NZ) Limited

References

External links

[http://www.tagoil.com/ Official site]

Category:Companies listed on the TSX Venture Exchange

Category:Oil and gas companies of New Zealand