Last C$1.53 CAD
Change Today +0.02 / 1.32%
Volume 48.2K
TAO On Other Exchanges
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As of 4:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

tag oil ltd (TAO) Snapshot

Open
C$1.47
Previous Close
C$1.51
Day High
C$1.55
Day Low
C$1.45
52 Week High
04/4/14 - C$3.46
52 Week Low
01/29/15 - C$1.28
Market Cap
95.4M
Average Volume 10 Days
46.5K
EPS TTM
C$0.12
Shares Outstanding
62.4M
EX-Date
--
P/E TM
12.8x
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, is engaged in the exploration, development, and production of oil and gas properties in New Zealand. The company owns interests in the Taranaki Basin covering an area of approximately 30,816 net acres located on the North Island of New Zealand; and the Canterbury Basin that covers an area of approximately 1.17 million acres of conventional and unconventional targets located on the South Island of New Zealand. It also holds a 100% working interest in three exploration permits covering an area of approximately 1.42 million acres; and a 60% working interest in one joint ventured exploration permit totaling 106,111 acres in the East Coast Basin of 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.

21 Employees
Last Reported Date: 06/30/14
Founded in 1990

tag oil ltd (TAO) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$240.0K
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 Announces Board Changes

TAG Oil announced that Mr. Brad Holland will join the Board of Directors of the company on March 1, 2015. He will replace Dr. Douglas Ellenor whose resignation for personal reasons will become effective on that date as well. Effective March 1, 2015, TAG Oil's Board will consist of Alex Guidi, Keith Hill, Ken Vidalin and Brad Holland. Mr. Holland has more than thirty years of experience and expertise in the planning, design and project management of oil and gas industry projects, which includes eighteen years as Senior Project Engineer for Saudi Aramco.

TAG Oil Ltd. Reports Earnings and Production Results for the Third Quarter and Nine Months Ended December 31, 2014

TAG Oil Ltd. reported earnings and production results for the third quarter and nine months ended December 31, 2014. For the quarter, the company’s total revenue was CAD 12,282,000 compared to CAD 12,939,000 a year ago. Net loss before tax was CAD 944,000 compared to net income before tax of CAD 2,971,000 a year ago. Basic and diluted earnings per share were CAD 0.01 compared to CAD 0.05 a year ago. Capital expenditures were CAD 16,655,000 compared to CAD 20,959,000 a year ago. Operating cash flow was CAD 3,968,000 compared to CAD 6,101,000 a year ago. For the nine months, the company’s revenue increased by 1% to CAD 44 million from CAD 43.5 million over the same period last year. Cash flow provided from operating activities increased by 9% to CAD 23.3 million from CAD 21.3 million over the same period last year. Net income before taxes decreased by 11% to CAD 7.9 million from CAD 8.9 million a year ago. For the quarter, the company’s daily production of oil was 1,543 bbls per day compared to 1,069 bbls per day a year ago. Daily production of natural gas was 448 BOE per day compared to 458 BOE per day a year ago. For the nine months, the company’s daily production of oil was 1,426 bbls per day compared to 1,118 bbls per day a year ago. Daily production of natural gas was 437 BOE per day compared to 874 BOE per day a year ago.

TAG Oil Announces Executive Changes

TAG Oil Ltd. announced that Chief Executive Officer and Director, Garth Johnson, and Chief Operating Officer, Drew Cadenhead, have submitted their resignations, but they will continue in their respective roles during a transition period to support the appointment of new executives.

 

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Valuation TAO Industry Range
Price/Earnings 12.7x
Price/Sales 1.7x
Price/Book 0.4x
Price/Cash Flow 4.0x
TEV/Sales 0.9x
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