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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  TAG Oil Ltd    TAO   CA87377N2005

TAG OIL LTD

(TAO)
  Report  
Delayed Quote. Delayed Toronto Stock Exchange - 09/18 03:54:45 pm
0.35 CAD   -1.41%
09/09TAG OIL : Provides Update on Transaction with Tamarind
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09/06TAG OIL : Provides Update on Transaction with Tamarind
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08/14TAG OIL : Reports Q1 2020 Results
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TAG Oil : Provides Corporate Update and Increase in Production

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05/29/2019 | 08:44am EDT

TAG Oil Ltd. (TSX:TAO, OTCQX:TAOIF) is pleased to provide this corporate update on its operations in New Zealand and Australia and report that its current gross daily rate of production has increased to over 1,800 boe/d (80% oil) following the recent successful workover campaign.

Transaction with Tamarind

TAG and Tamarind Resources Pte. Ltd ("Tamarind") have mutually agreed to extend the closing date of the transaction under the share and asset purchase agreement to July 15, 2019. TAG and Tamarind are working diligently to close the transaction in a timely manner.

Final approval from New Zealand Petroleum and Minerals for the sale and transfer of TAG's operatorship to Tamarind of its New Zealand operations is still pending.

Additional information about the transaction can be found in the management information circular dated November 30, 2018, which is filed under TAG's SEDAR profile at www.sedar.com.

Australia Farm-out Process

TAG is attending the Australian Petroleum Production & Exploration Association (APPEA) 2019 Conference and Exhibition in Brisbane, Australia from May 27-30 along with Ocean Reach Advisory who has been appointed as financial advisor to TAG with a mandate to secure a farm-in partner for TAG's Australian assets.

(c) 2019 MediaQuest Corp. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Latest news on TAG OIL LTD
09/09TAG OIL : Provides Update on Transaction with Tamarind
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09/06TAG OIL : Provides Update on Transaction with Tamarind
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Financials (CAD)
Sales 2017 -
EBIT 2017 -
Net income 2017 -
Finance 2017 28,5 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 -
EV / Sales2017 -
EV / Sales2018 -
Capitalization 30,3 M
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Mean consensus -
Number of Analysts
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Last Close Price 0,36  CAD
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EPS Revisions
Managers
NameTitle
Toby Robert Pierce Chief Executive Officer & Director
Keith Charles Hill Chairman
Henrik Lundin Chief Operating Officer
Barry A. B. MacNeil Chief Financial Officer & Corporate Controller
David John Bennett Director & Technical Director
Sector and Competitors
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CANADIAN NATURAL RESOURCES LTD11.87%33 039