At present, TAG's operations are performing above expectations. The Company's current production is approximately 1,400 boe/d, which is 17% greater than fiscal year 2017e (April 2016 to March 2017) production guidance of 1,200 boe/d and 14% greater than our fiscal 2Q17e (July 2016 to September 2016) production forecast of 1,226 boe/d. The production increase is predominantly due to new production at the Sidewinder Field of approximately 250 bbl/d. The new production at Sidewinder was from a r
01 Sep 2016
Production Is Exceeding Expectations
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Production Is Exceeding Expectations
TAG Oil Ltd (TAO:TSX) | 0 0 -2.2% | Mkt Cap: 37.5m
- Published:
01 Sep 2016 -
Author:
Darren B. Engels -
Pages:
3
At present, TAG's operations are performing above expectations. The Company's current production is approximately 1,400 boe/d, which is 17% greater than fiscal year 2017e (April 2016 to March 2017) production guidance of 1,200 boe/d and 14% greater than our fiscal 2Q17e (July 2016 to September 2016) production forecast of 1,226 boe/d. The production increase is predominantly due to new production at the Sidewinder Field of approximately 250 bbl/d. The new production at Sidewinder was from a r