TAG Oil has reported that exit fiscal 2018 (March 31, 2018) production guidance has been reduced to 1,300 boe/d (previously 1,400 boe/d). The company’s waterflood response is taking longer than expected. Current expectations are for a more definitive uplift of production and recovery factors by mid-calendar 2018e (fiscal 1Q19e). We have modestly reduced our fiscal 2018e and 2019e production outlook. The drilling of the Pukatea-1 exploration well (70% WI), which is expected to spud in Ja
19 Oct 2017
Modestly reduced exit fiscal 2018 production guidance
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Modestly reduced exit fiscal 2018 production guidance
TAG Oil Ltd (TAO:TSX) | 0 0 -2.2% | Mkt Cap: 37.5m
- Published:
19 Oct 2017 -
Author:
Darren B. Engels -
Pages:
6
TAG Oil has reported that exit fiscal 2018 (March 31, 2018) production guidance has been reduced to 1,300 boe/d (previously 1,400 boe/d). The company’s waterflood response is taking longer than expected. Current expectations are for a more definitive uplift of production and recovery factors by mid-calendar 2018e (fiscal 1Q19e). We have modestly reduced our fiscal 2018e and 2019e production outlook. The drilling of the Pukatea-1 exploration well (70% WI), which is expected to spud in Ja