TAG Oil
 | |
| Public | |
| Traded as |
TSX: TAO OTCQX: TAOIF |
| Headquarters | Vancouver, Canada |
Key people | Alex P Guidi, Chairman |
| Revenue | $44,591,201 (F2013) [1] |
| $30,550,658 (F2013) [1] | |
| Website |
www |
TAG Oil is an oil and gas producing company headquartered in Vancouver, Canada and traded on the Toronto Stock Exchange. Founded by Canadian oil and gas entrepreneur Alex P. Guidi, TAG Oil Ltd. has grown to become a leading oil and gas operator in New Zealand. TAG is developing its 100%-owned, Cheal and Sidewinder oil and gas fields in the onshore Taranaki Basin, and has extensive undeveloped acreage prospective in multiple producing formations in the main Taranaki production fairway. TAG owns modern production infrastructure and associated pipeline network, linking gas it produces to the main high capacity pipeline, providing direct access to thriving markets in the Taranaki region. Oil produced is sold to Australasian refineries at Brent Oil pricing.
TAG's exploration interests also include the East Coast Basin which covers the main play area of a potentially significant unconventional resource identified in the fractured Shale source rock formations. These naturally fractured source rocks, known as the Waipawa Black Shale and Whangai Shale formations generate high quality, 50 degree API oil, and have favorable geotechnical similarities to the Bakken Shale development in the United States and Canada.
There has been some local opposition to drilling activities in Taranaki.[2][3]
Subsidiaries
- TAG Oil (NZ) Limited
- TAG Oil (Offshore) Limited
- Cheal Petroleum Limited
- Trans-Orient Petroleum Ltd.
- Eastern Petroleum (NZ) Limited
- Orient Petroleum (NZ) Limited
http://www.tagoil.com/corporate-structure.asp
References
- ↑ 1.0 1.1 "Corporate Presentation". TAG Oil. July 2013.
- ↑ Ong, Michele (27 September 2013). "Residents upset over new well site". Fairfax NZ.
- ↑ "Tribal fury at drilling plans". Fairfax NZ. 22 October 2013.