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Last C$0.98 CAD
Change Today -0.01 / -1.01%
Volume 36.1K
TAO On Other Exchanges
Symbol
Exchange
OTC US
Toronto
Frankfurt
As of 3:55 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

tag oil ltd (TAO) Snapshot

Open
C$0.97
Previous Close
C$0.99
Day High
C$1.03
Day Low
C$0.95
52 Week High
08/29/14 - C$2.43
52 Week Low
08/25/15 - C$0.86
Market Cap
61.1M
Average Volume 10 Days
52.2K
EPS TTM
C$-1.10
Shares Outstanding
62.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TAG OIL LTD (TAO)

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tag oil ltd (TAO) Details

TAG Oil Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in New Zealand. It holds interests in the Taranaki, East Coast, and Canterbury Basins, which cover an area of approximately 2.06 million net acres of land onshore in New Zealand. The company was formerly known as Durum Cons. Energy Corp. and changed its name to TAG Oil Ltd. in June 2002. TAG Oil Ltd. was founded in 1990 and is headquartered in Vancouver, Canada.

23 Employees
Last Reported Date: 06/29/15
Founded in 1990

tag oil ltd (TAO) Top Compensated Officers

Founder and Chairman
Total Annual Compensation: C$240.0K
Chief Financial Officer
Total Annual Compensation: C$77.0K
Vice President of Business Development
Total Annual Compensation: C$156.5K
Compensation as of Fiscal Year 2014.

tag oil ltd (TAO) Key Developments

TAG Oil Ltd. Reports Earnings and Production Results for the First Quarter Ended June 30, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2016; Records Impairment Charges for the First Quarter of 2016

TAG Oil Ltd. reported earnings and production results for the first quarter ended June 30, 2015. For the quarter, the company reported total revenue of CAD 10,385,000 compared to CAD 15,571,000 for the same period of last year. Net loss before income tax was CAD 2,400,000 or loss per basic and diluted share of CAD 0.04 compared to profit of CAD 3,690,000 or profit per basic and diluted share of CAD 0.06 for the same period of last year. Capital expenditures were CAD 2,916,000 compared to CAD 11,370,000 for the same period of last year. Operating cash flow was CAD 3,066,000 compared to CAD 7,715,000 for the same period of last year. For the quarter, the company reported net production volumes of 1,689 BOE/d compared to 1,750 BOE/d for the same period of last year. Natural gas was 1,522 Mcf/d compared to 1,213 Mcf/d for the same period of last year. The company recorded exploration impairment of CAD 715,000 for the first quarter of 2016. The company expects its second quarter of 2016 revenues and cash flow to be below expectations due to lower oil prices, as well as some lower production numbers. The lower production is due to several wells that are offline, and the company shut in a moderate amount of production for safe operations while conducting work over program. The company can internally fund its adjusted 2016 fiscal year capital expenditure program of CAD 23 million. The company estimates fiscal year 2016 cash flow from operating activities of approximately CAD 22 million (based on CAD 60 per barrel Brent price), with production averaging approximately 1,900 BOE/d.

TAG Oil Ltd. Announces Earnings and Production Results for the Fourth Quarter and Full Year Ended March 31, 2015; Provides Earnings and Production Guidance for the Year 2016

TAG Oil Ltd. announced earnings and production results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported revenue of CAD 9,705,121. Cash flow from operating activities was CAD 5,334,236. Net loss before tax was CAD 83,215,739. Net loss after tax was CAD 77,655,014. Loss per diluted share was CAD 1.23. For the full year, the company reported revenue of CAD 53,737,165 against CAD 57,546,899 a year ago. Cash flow from operating activities was CAD 28,627,532 against CAD 27,770,018 a year ago. Net loss before tax was CAD 75,323,242 against net income of CAD 14,731,055 a year ago. Net loss after tax was CAD 69,762,517 against net income of CAD 7,682,708 a year ago. Loss per diluted share was CAD 1.10 against earnings per diluted share of CAD 0.12 a year ago. Excluding impairment expense, on a comparative basis, this equates to a net income before tax of CAD 11.1 million for fiscal year 2015 compared to CAD 8.7 million for fiscal year 2014. For the quarter, the company reported production volumes of oil of 1,422 bbl/d against 1,072 bbl/d a year ago. Natural gas production was 415 BOE/d against 414 BOE/d a year ago. Combined was 1,837 BOE/d against 1,486 BOE/d a year ago. For the full year, the company reported production volumes of oil of 1,425 bbl/d against 1,107 bbl/d a year ago. Natural gas production was 431 BOE/d against 761 BOE/d a year ago. Combined was 1,856 BOE/d against 1,868 BOE/d a year ago. Annual net production achieved in fiscal year 2015 of 605,000 BOE (77% oil) with average net oil production increasing by 29% for the fiscal year to 1,425 bbl/d compared with 1,107 bbl/d in fiscal year 2014. TAG's capital budget for fiscal year 2016 is CAD 23 million that is fully funded by forecasted cash flow and working capital on hand. The capital budget includes CAD 16 million of discretionary activity that is being continuously reviewed and revised depending on the results of economic analysis and changing economic conditions. TAG is estimating fiscal year 2016 cash flow from operations will be approximately CAD 22 million, with production averaging approximately 1,900 BOE/d (BOE/d: 77% oil). This guidance is based on TAG's planned shallow development wells and existing production; additional success on the company's current and ongoing exploration programs could have a positive impact on this guidance.

TAG Oil Ltd., Q4 2015 Earnings Call, Jun 30, 2015

TAG Oil Ltd., Q4 2015 Earnings Call, Jun 30, 2015

 

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