TAG Oil Ltd. (TSX-V: TAO) is a Canadian company exploring new sources for oil and natural gas in New Zealand. Although New Zealand may not come to mind as a perfect location for oil and gas exploration, it actually offers an actually ideal situation for exploration, generation and acquisition of previously untapped sources of much-needed natural resources. New Zealand offer a stable economic and political environment, as well as thousands of acres land of under-explored oil and gas sources. Tag Oil is aggressively pursuing these opportunities and is poised to benefit from establishing itself as an international company operating in a target rich environment. As Tag Oil further entrenches itself in New Zealand and uncovers formidable sources for the location of oil and gas production, HWS will be closely watching how this company benefits from operating in what may well be the new frontier for capturing two of the world’s most profitable resources — oil and gas.
TAG Oil Announces 365% Production Increase at Cheal A7 Well with First Fracture Stimulation in New Zealand Oil Field
VANCOUVER, May 13 /CNW/ – Oil and gas producer TAG Oil Ltd. (TSX-V: TAO) is pleased to announce that the Company has successfully completed its first fracture stimulation at the Cheal oil and gas field since acquiring a 100% interest in the Taranaki Basin new field oil and gas discovery in late 2009.
TAG completed a [...]
TAG OIL Update: Thursday, April 1
Just two days ago on March 30, I wrote:
“I have drawn a support [RED] line begun late last October. Tag Oil penetrated this support line briefly today before rebounding and closing higher at $2.24. I believe this support line now becomes a solid area for adding to, or initiating long positions in this oversold [...]
Positive Drill Results Further Validate TAG’s East Coast Basin As Significant Oil Shale Prospect
Vancouver, B.C. – March 30, 2010 – New Zealand oil and gas producer and explorer TAG Oil Ltd. (TSX-V: TAO) announced today that the first stratigraphic well in TAG’s initial three-well Waitangi Hill program has been drilled to a total depth of 171m. The results, including “free oil” in core samples, further indicate Waitangi Hill [...]
TAG OIL Update: March 30, 2010
A little over a month ago I wrote:
“I do caution however that any prolonged weakness the rest of this week or a failure to break through $3.75 could suggest a further sell-off down to the $2.45 level.”
Tag Oil subsequently sold up to $3.45 but was unable to challenge the $3.75 level and [...]
TAG OIL ACHIEVES STRONG QUARTERLY RESULTS AND UPDATES OPERATIONS
Tag Oil Ltd. has released its financial results and details on the completion of several strategic acquisitions. These acquisitions firmly position Tag with 100% control of all assets, including near-term production and reserve growth potential at producing properties, low-risk exploration prospects in the Taranaki discovery fairway, and a 2.4 million-acre unconventional fractured oil shale frontier.
Highlights [...]
TAG OIL Inc. Update: February 22, 2010
Last week on February 16, I wrote:
“Today we experienced another run-up to close at $3.71. the high of the day and another all time high. As you can see by the chart Tag is once more trading slightly above the upper channel [RED lines]. Having closed at the high of the day I expect more [...]
TAG OIL Update: February 16, 2010
On February 3, 2010 I wrote:
“As strong as the TAG OIL move has been, I am always looking for such dramatic moves expecting retracement of some of the gains. As a strictly technical opinion I fully expect that tomorrow may see TAG OIL trade higher before retracing this weeks gains and possibly trading down [...]
