TAG reported fiscal 2Q18 (July 2017 to September 2017) production of 1,151 boe/d and cash flow that was better than expected at C$1.5 mm (US$1.2 mm). The company is planning to drill the Pukatea-1 exploration well in early calendar 2018e. There is the potential that the company will farm-down its 70% WI to reduce financial exposure. The well is targeting a P50 unrisked resource estimate of 12 mmboe. Our fiscal 2018e and fiscal 2018e production and financial estimates remain relatively unchang
14 Nov 2017
TAG reports fiscal 2Q18 results that benefitted from strong realized pricing
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TAG reports fiscal 2Q18 results that benefitted from strong realized pricing
TAG Oil Ltd (TAO:TSX) | 0 0 -2.2% | Mkt Cap: 37.5m
- Published:
14 Nov 2017 -
Author:
Darren B. Engels -
Pages:
8
TAG reported fiscal 2Q18 (July 2017 to September 2017) production of 1,151 boe/d and cash flow that was better than expected at C$1.5 mm (US$1.2 mm). The company is planning to drill the Pukatea-1 exploration well in early calendar 2018e. There is the potential that the company will farm-down its 70% WI to reduce financial exposure. The well is targeting a P50 unrisked resource estimate of 12 mmboe. Our fiscal 2018e and fiscal 2018e production and financial estimates remain relatively unchang