Tag Oil Ltd - Positioned for progress in FY 2019
TAG Oil (TSE:TAO) recently published results for the financial year to March 31, 2018. The company reported revenues up 1.4% at C$23.67mln, and operating netback per barrel of oil equivalent (see table footer for definition) of C$30.66 versus C$24.88 in the previous year. Oil and gas production was 1,120 boe (barrels of oil equivalent), coming primarily from TAG Oil’s core producing assets in the Taranaki basin, New Zealand.
TAG Oil is a Canadian registered development-stage oil and gas production and exploration company focused in Australasia with operations and production infrastructure in the Taranaki Basin region of New Zealand. Co. operates nine exploration and production permits and its production infrastructure is linked directly to Taranaki's main gas distribution pipeline for local consumption.
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