TAO.V

Var/hur handlar du den? Inte för att jag skulle kasta mig in där men... 

Kanada, var annars? ;)

Mvh H3NPHLO

Inlägget är redigerat av författaren.

Kanske Danmark för en oinvigd..

q2

VANCOUVER, Nov. 29 /CNW/ - TAG Oil Ltd., (TSX-V: TAO - News) a Canadian-listed, New Zealand-focused oil production and exploration company, is pleased to provide an operational update and advises that the Company has filed its second quarter financial report for the period ended September 30, 2010. All figures reported are in Canadian dollars unless otherwise noted.

TAG Recent Highlights: <<


*Production revenue for second quarter of $2.41 million.

*Successful workover operations completed on Cheal-B3 and Cheal-1
increase daily production.

*TAG acquires Cardiff condensate-rich deep gas discovery.

*Sidewinder-1 oil and gas discovery in PEP 38748 is drilled.

*Cheal-BH-1 horizontal well is drilled and completed.

*$60 million bought-deal equity financing closed.

*Rig agreement signed for five wells, with an additional five-well option
starting early 2011.


>>     Taranaki Basin Operations     TAG is anticipating substantial near-and-long-term production growth inTaranaki through development of multiple oil and gas discoveries within theCompany's 100%-controlled Taranaki Basin assets. The Company plans to drill upto 10 prospects identified on 3-D seismic coverage, commencing in early 2011.This program consists of development and step-out wells within Cheal andfurther exploration wells in the Sidewinder project area.     For further information on TAG Oil's Operations please visithttp://www.tagoil.com/operations.asp     Sidewinder-1 Oil / Gas Discovery TAG plans to immediately proceed withdevelopment and the commercialization of Sidewinder-1. The Sidewinder-1exploration well was drilled to 1601m and encountered 14m of net (22m gross)oil-and-gas-bearing sandstones with excellent reservoir porosities andpermeability. A 10-day production test recorded stabilized flow rates of 1461barrels of oil equivalent ("BOE") per day, consisting of 8.5 million cubicfeet of gas and 44 barrels of oil per day.     Subsequent interpretation of bottom hole pressure build-up data indicatedno measurable pressure depletion, and the extended unrestricted flow rate wascalculated at 30 million cubic feet of gas per day. Production forecastmodeling has focused initially on gas to date and results indicate the initialflow rates anticipated from Sidewinder-1 to be greater than 10 million cubicfeet of gas per day declining over 36 months to rates still in excess of 5million cubic feet of gas per day. Production profiles and facility plans alsoanticipate oil contributing more significantly to daily flow rates over time,which would be consistent to analogous oil and gas fields nearby Sidewinder.     With Sidewinder's close proximity to existing gas and oil infrastructure,combined with New Zealand's low royalties and oil and gas prices that aresubstantially higher than in North America, development of the Sidewinderdiscovery will be cost-effective, efficient and commercially attractive.     Cheal Oil and Gas Field Cheal-B3, the second Mt. Messenger vertical wellthat TAG Oil recently optimized, has recorded significantly improved oil andgas production rates during the 50 days since the workover was completed.Cheal-B3 is currently producing 330 BOE per day (290 barrels of oil and 40 BOEof gas per day) compared to 156 BOE per day (140 barrels of oil and 16 BOE ofgas) prior to the workover operations.     The Cheal-BH-1 horizontal well reached total depth of 2285m, including a550m horizontal section within the Mt. Messenger Formation (1735-2285m).Uphole mudlogs have recorded better than expected oil and gas shows within thesecondary Urenui Formation target at a depth of approximately 1400m. In theMt. Messenger horizontal section of the well, a total of 430m of continuousreservoir was encountered with high oil and gas readings during the drillingoperations. The multi-phase fracture stimulation of the horizontal section ofthe well has now been completed and the Company has mobilized a coil-tubingunit to prepare the well for production testing, commencing approximatelyDecember 5, 2010.     Current production from the Cheal Field is 570 BOE per day consisting of490 barrels of oil and 80 BOE of gas per day.     Summary of Second Quarter Results     The Company recorded production revenue of $2.41 million (six months:$4.23 million) and a net loss for the three-month period of $508,823 (sixmonth loss: $389,384). Expenditures on the Company's oil and gas propertiesduring the quarter totaled just under $3.5 million (six months: $5.3 million)relating primarily to costs of the Cheal-B3 and Cheal-1 optimizationoperations and the Cheal-BH-1 horizontal well and the Sidewinder-1 verticalexploration well.     Liquidity and Capital Resources     The Company ended the second quarter of the 2011 fiscal year with37,646,608 shares outstanding (44,291,060 fully diluted) with no debt, $23.96million in cash and $22.9 million in working capital.     Subsequent to September 30, 2010 the Company issued a total of 11,550,000common shares at a price of $5.20 per share for aggregate gross proceeds of$60,060,000, inclusive of the over-allotment option granted to theUnderwriters.     This news release summarizes the Company's 2011 second-quarter results ofoperations and financial condition and should be read in conjunction with itsQuarterly Report, which contains unaudited consolidated financial statementsand Management's Discussion and Analysis. Copies of these documents can beobtained electronically at: www.sedar.com or through the Company's websitehttp://www.tagoil.com/financial-reports.asp.     "BOE"s may be misleading, particularly if used in isolation. A BOEconversion ratio of 6Mcf: 1 Bbl is based on an energy equivalency conversionmethod primarily applicable at the burner tip and does not represent a valueequivalency at the wellhead.     Cautionary Note Regarding Anticipated Results and Forward-LookingStatements: Statements contained in this news release that are not historicalfacts are forward-looking statements that involve various risks anduncertainty affecting the business of TAG Oil. These statements are based oncertain factors and assumptions including those relating to TAG Oil'ssuccessful exploration and development of its oil and gas properties withinCheal and the Sidewinder project area, the production of oil and gas inaccordance with TAG Oil's expectations at Cheal and at Sidewinder-1, oil andgas price assumptions and fluctuations, foreign exchange rates, expectedgrowth, results of operations, performance, prospects, evaluations andopportunities and effective income tax rates. While TAG Oil considers thesefactors and assumptions to be reasonable based on information currentlyavailable, they may prove to be incorrect. Actual results may vary materiallyfrom the information provided in this release, and there is no representationby TAG Oil that the actual results realized in the future will be the same inwhole or in part as those presented herein.     TAG Oil is involved in the exploration for and production of hydrocarbonsand all of its current property holdings, with the exception of the Cheal OilField and Sidewinder-1 project area, are in the grass roots or primaryexploration stage. Exploration for hydrocarbons is a speculative venturenecessarily involving substantial risk. There is no certainty that theexpenditures incurred on TAG Oil's exploration properties will result indiscoveries of commercial quantities of hydrocarbons. TAG Oil's future successin exploiting and increasing its current reserve base will depend on TAG Oil'sability to develop its current properties and on its ability to discover andacquire properties or prospects that are producing. But, there is no assurancethat TAG Oil's future exploration and development efforts will result in thediscovery or development of additional commercial accumulations of oil andnatural gas.     Other factors that could cause actual results to differ from thosecontained in the forward-looking statements related to upcoming operations,production forecast modeling and other items that are set forth in, but arenot limited to, filings that the TAG Oil and its independent evaluator havemade, including the TAG Oil's most recent reports in Canada under NationalInstrument 51-101.     Neither TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release. 
 

Mvh H3NPHLO

Inlägget är redigerat av författaren.

Ser bra ut 

Mvh H3NPHLO

Kraschat bra senaste dagarna, men ser ut att reversa idag

Det borras förfullt i nya Zeeland nu plus att känd hedgefond (Paul Elliot Singer) tankat bra senaste tiden.

ngt för den riskvilliga mao

Hänt mkt senaste tiden. Keith Hill, Lundins starke man från tyks och africa oil, har blivit invald i styrelsen bl.a.

http://www.tagoil.com/pdf/TAG_Corporate_Presentation.pdf

ath

läcker som ett såll i guess. ny borrdata coming up

Har kommit ner en hel del senaste månaderna och jag ökade, lite på chans, i fredags.

Hedgefondgurun Singer har också ökat en hel del senaste veckorna.

Lite news idag;

VANCOUVER , June 25, 2012 /CNW/ - TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF), is pleased to provide a Taranaki Basin drilling and operations update. This update is being provided prior to TAG's year-end results, which will include an independent assessment on proven, probable and possible reserves, and is expected to be announced on June 29, 2012 .

Taranaki Basin Production

Current daily production is approximately 2,600 to 2,800 barrels of oil equivalent per day ("BOE"). The split between oil and natural gas is currently approximately 57% oil to 43% gas until such time as the enhancements to Cheal's artificial lift capabilities are completed, allowing oil currently held behind-pipe to flow.

There are currently 18 wells at the Cheal oil and gas field that are capable of production, eight of which are currently on-stream. In addition, TAG has two of the four commercial wells currently on-stream at Sidewinder. Once infrastructure upgrades have been fully completed, a minimum of ten more Cheal wells and two additional Sidewinder wells will be placed into full-time production. In addition, results from TAG's ongoing drilling program and a number of workover operations are expected to contribute to future increases in production.

Because of the lightly explored nature of TAG's Taranaki Basin fields, it is difficult to accurately estimate future daily production. TAG is confident however, that with twelve successful wells already drilled with behind-pipe production awaiting tie-in, daily oil and gas production will increase to more than 5000 BOE per day over the next six to nine months, with potential to exceed that estimate depending on well performance, the outcome of additional development drilling, exploration drilling and workover operations.

Har fortsatt ordentlgit nedåt. Mailade VDn angående senaste produktionssiffrorna och fick detta svar;

Hopefully I can clear up your confusion. The news release says that “more than” 5,000 of production is expected to be achieved. When forecasting our production we want to ensure that we can meet or exceed the number we forecast and at the early stages we are at with a substantial amount of new production + a major infrastructure upgrade ongoing we want to be conservative.

As mentioned we had 4,000 BOE previously. IT has been well documented that we have shut-in some of that production to maximize the value later as evidenced by the 12 wells currently shut-in. Day to day production will become more relevant once infrastructure is done. For example wells such as B5 and B7 that produced naturally at 1700 BOE and 1100 BOE are now producing @900 BOE combined and that is partially naturally expected decline but is primarily because all oil wells in New Zealand require artificial lift that include heat to produce the wells long-term. We are in the process of doing that on B5 and B7 + upgrading the Cheal lift capabilities as a whole which, for example, will allow us to produce wells like B5 and B7 at anticipated rates of around 1500 BOE per day, possibly higher.

Thanks for your support of TAG.

Regards,

Garth

börjar bli lite överdriven nedgång nu. Köpsetup i prisdiagramet nu iaf.

VANCOUVER , July 3, 2012 /CNW/ - TAG Oil Ltd. (TAO.TO) and (TAOIF), a Canadian-based production and exploration company with focused operations in New Zealand , reports the Company has filed its March 31, 2012 consolidated, audited financial statements, management discussion and analysis and annual information form with the Canadian Securities Administrators for the Company's 2012 fiscal year-end. Copies of these documents can be obtained electronically at http://www.sedar.com, or for additional information please visit TAG Oil's website at http://www.tagoil.com/.

Year-End March 31, 2012 Operating Highlights

• Proved and probable reserves increased to 6.624 million boe compared to 1.68 million boe at March 31, 2011 (82% oil and 18% gas);
• Production revenue increased to $43 million , up from $13 million for FY 2011;
• Net income of $18.92 million was recorded before deducting non-cash stock-based compensation expenses, compared to $1.29 million for FY 2011;
• Net operating cash inflow increased to $15.56 million for the year compared to an outflow of $1.15 million for FY 2011;
• Per barrel production, storage and transportation costs were $11.26 per boe for the year compared to $17.81 for FY 2011;
• TAG sold 338,569 barrels of oil during the year at an average price of $119.54 per barrel;
• TAG sold 151,309 boe of gas during the year at an average price of $4.02 per mcf;
• Farmout agreement signed with Apache Corp. on TAG's East Coast Basin acreage ("East Coast Basin JV");
• Drilled 11 successful wells in the 2012 fiscal year, bringing the total to 15 straight successful wells in Taranaki, with an active drilling program continuing;
• Graduated to Canada's senior stock exchange.

Känns som denna pressas av skatteförsäljningar. Kan nog sticka efter jul (som förra året).

Uppdaterad företagspresentation: http://www.tagoil.com/pdf/TAG_Corporate_Presentation.pdf

Mvh H3NPHLO

+3% idag tyder på en sak inför nästa år.Skatteförsäljningar klara

Gav 5.70 cad här.

Mvh Smuts

Har du köpt nått själv ?

Uppdaterad företagspresentation

Mvh H3NPHLO

Kalops i detta papper.

Men nu har man fått tillstånd att borra i East Coast, området som kan innefatta miljarder fat olja.

http://tvnz.co.nz/national-news/oil-exploration-approved-in-tararua-district-5372247

Mvh H3NPHLO