Market Impact: Neutral. TAG Oil is currently producing 1,200 boe/d, which is tracking very close to our fiscal 2Q17e (June to September 2016) production forecast of 1,226 boe/d and the Company's annual production guidance of 1,200 boe/d. TAG's waterflood project has commenced with water injection. A production response could take up to six to nine months.
29 Sep 2016
PROVIDES OPERATIONAL UPDATE
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PROVIDES OPERATIONAL UPDATE
TAG Oil Ltd (TAO:TSX) | 0 0 -2.2% | Mkt Cap: 37.5m
- Published:
29 Sep 2016 -
Author:
Darren B. Engels -
Pages:
3
Market Impact: Neutral. TAG Oil is currently producing 1,200 boe/d, which is tracking very close to our fiscal 2Q17e (June to September 2016) production forecast of 1,226 boe/d and the Company's annual production guidance of 1,200 boe/d. TAG's waterflood project has commenced with water injection. A production response could take up to six to nine months.