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TAG Oil Announces Management and Board Appointments, Private Placement and Stock Option Grants

September 1, 2020 via NewsWire Tagged With: TSX VENTURE:TAO, tsx:tao

VANCOUVER, BC, Sept. 1, 2020 /CNW/ – TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) is pleased to announce the following corporate updates.

Management and Board of Directors

Mr. Abdel (Abby) Badwi has joined the Company as Executive Chairman of the board of directors, along with Mr. Suneel Gupta who has been appointed as VP and COO of the Company. Messrs. Shawn Reynolds and Thomas Hickey have also been appointed to TAG’s board of directors as non-executive directors.

Mr. Toby Pierce commented “On behalf of TAG’s management and board of directors, I would like to welcome Mr. Badwi and Mr. … Continue Reading

TAG Oil Reports Q1 2021 Results

August 28, 2020 via NewsWire Tagged With: tsx:tao

VANCOUVER, BC, Aug. 28, 2020 /CNW/ –  TAG Oil Ltd. (TSXV: TAO) and (OTCQX: TAOIF) is pleased to report the filing of its first quarter results for the interim period ending June 30, 2020. Highlights over the period include:

  • As at June 30, 2020, the Company had $15.0 million (March 31, 2020: $41.5 million) in cash and cash equivalents and $17.4 million (March 31, 2020: $43.7 million) in working capital.
  • On April 14, 2020, a return of capital in the amount of $0.30 per common share (~$25.6 million in
  • … Continue Reading

    TAG Oil Reports FY2020 Results

    August 13, 2020 via NewsWire Tagged With: tsx:tao

    VANCOUVER, BC, Aug. 13, 2020 /CNW/ – TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) is pleased to report the filing of its annual and fourth quarter results for the fiscal year ending March 31, 2020 and to provide the following corporate update:

  • On September 25, 2019, TAG completed the sale of substantially all of its Taranaki Basin assets and operations in New Zealand and at March 31, 2020, the Company had $41.5 million (March 31, 2019: $1.9 million) in cash and cash equivalents and $41.3 million (March 31, 2019: $0.06 million)
  • … Continue Reading

    TAG Oil Provides Corporate Update

    July 16, 2020 via NewsWire Tagged With: TSX VENTURE:TAO, tsx:tao

    VANCOUVER, BC, July 16, 2020 /CNW/ – TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) is pleased to provide the following corporate update:

  • Further to TAG’s release dated June 29, 2020, the Company expects that its annual filings for the fiscal year ending March 31, 2020 will be filed on or around August 13, 2020.
  • TAG’s current cash balance stands at ~C$15 million, with working capital at ~C$14.8 million.
  • TAG has received a total of C$0.45 million in royalty payments from Tamarind Resources Pte. Ltd. (“Tamarind”), which will increase by C$132,000 upon receipt of the next
  • … Continue Reading

    TAG Oil Provides Corporate Update

    June 29, 2020 via NewsWire Tagged With: TSX VENTURE:TAO, tsx:tao

    VANCOUVER, BC, June 29, 2020 /CNW/ – TAG Oil Ltd. (TSXV: TAO) and (OTCQX: TAOIF) announces that the release of its annual financial statements for the fiscal year ending March 31, 2020 (the “Annual Financial Statements”) and associated management discussion and analysis (the “MD&A”) will be delayed. The Company will be relying on the 45-day filing and delivery extension for periodic filings required to be made on or before August 31, 2020 as provided by BC Instrument 51-517 – Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 (“BCI … Continue Reading

    TAG Oil Provides TSX-V Listing Update

    June 15, 2020 via NewsWire Tagged With: tsx:tao

    VANCOUVER, BC, June 15, 2020 /CNW/ – TAG Oil Ltd. (TSX: TAO) (OTCQX: TAOIF) confirms that in accordance with its release dated June 12, 2020, the TSX Venture Exchange (“TSX-V”) has approved the Company’s application to trade on the TSX-V, and that the Company will voluntary de-list its common shares from the Toronto Stock Exchange (“TSX”). TAG’s common shares will continue to trade on the TSX until the close of trading on June 26, 2020. At the opening of the market on June 29, 2020, TAG’s common shares will be listed for trading on the TSX-V. … Continue Reading

    TAG Oil Announces Return of Capital to Shareholders

    March 16, 2020 via NewsWire Tagged With: tsx:tao

    VANCOUVER, March 16, 2020 /CNW/ – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) has conducted a detailed evaluation of the overall business environment and opportunities for the Company to create long-term value for its shareholders following the New Zealand asset sale. TAG’s Board and management have determined that a return of capital to its shareholders in the amount of C$0.30 per common share (~C$25.6 million in cash), in accordance with Canadian income tax law, is in the best interest of shareholders.

    The return of capital is scheduled to be paid on April 14, 2020 (payment date) to … Continue Reading

    TAG Oil Provides Corporate Update

    February 6, 2020 via NewsWire Tagged With: tsx:tao

    VANCOUVER, Feb. 6, 2020 /CNW/ – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to provide the following corporate update.

    TAG’s current cash balance stands at ~C$41 million following a royalty payment of ~C$0.25 million for the quarter ended December 31, 2019. TAG holds a 2.5% gross overriding royalty on all future production from the New Zealand assets that it sold to Tamarind Resources Pte. Ltd. in September 2019. Further details on TAG’s royalty and remaining milestone payments from New Zealand can be found in the management information circular dated November 30, 2018, which … Continue Reading

    TAG Oil Reports Q2 2020 Results

    November 14, 2019 via NewsWire Tagged With: tsx:tao

    VANCOUVER, Nov. 14, 2019 /CNW/ – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to report its second quarter results for the interim period ending September 30, 2019, which includes completing the sale of TAG’s New Zealand assets (the “Transaction”). TAG is well positioned and is continuing to look at all available options in oil and gas to determine the preferred use of the proceeds from the Transaction in order to maximize value for shareholders.

    Q2 2020 HIGHLIGHTS  

  • On September 25, 2019, TAG announced the closing of the Transaction. Following closing of the Transaction, TAG
  • … Continue Reading

    TAG Oil Provides Corporate Update

    October 24, 2019 via NewsWire Tagged With: tsx:tao

    VANCOUVER, Oct. 24, 2019 /CNW/ – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to provide this corporate update following closing of the sale of its New Zealand assets (the “Transaction”).

    Post the closing of the Transaction and certain adjustments for working capital, TAG has been significantly repositioned with a cash balance of ~C$41 million, ongoing cashflow from the 2.5% gross overidding royalty on all future production from the New Zealand assets sold, and up to US$4.5 million in future event specific payments payable on Tamarind Resources Pte. Ltd. achieving certain milestones.

    TAG has received an … Continue Reading

    TAG Oil Announces Election of Board of Directors

    September 27, 2019 via NewsWire Tagged With: tsx:tao

    VANCOUVER, Sept. 27, 2019 /CNW/ – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce the results from its 2019 annual general meeting of shareholders (the “Meeting”) held in Vancouver, B.C. on September 26, 2019. All seven of the nominees listed in TAG’s management information circular dated August 26, 2019 that were proposed by management for election to the board of directors at the Meeting were duly elected. The directors will remain in office until the next annual meeting of the Company’s shareholders or until their successors are elected or appointed.   

    The results of the … Continue Reading

    TAG Oil Announces Closing of Transaction with Tamarind

    September 25, 2019 via NewsWire Tagged With: tsx:tao

    VANCOUVER, Sept. 25, 2019 /CNW/ – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce that it has closed its previously announced sale of substantially all of its New Zealand assets to Tamarind Resources Pte. Ltd. (the “Transaction”).

    Following closing of the Transaction, TAG has ~US$30 million in cash and will continue to have exposure to the potential upside from all New Zealand assets sold as follows:

  • 2.5% gross overriding royalty on production from PMP 38156 (Cheal and Cardiff), PMP 53803 (Sidewinder), PMP 60454 (Supplejack), PEP 51153 (Puka), PEP 57065 (Waitoriki), PMP 60291 (Cheal
  • … Continue Reading
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