TAG reported fiscal 4Q18 (January to March 2018) results that were behind expectations. Production of 1,117 boe/d was impacted by offline wells and cash flow of nil was impacted by repairing offline wells and one-time accounting charges. For fiscal year 2019, TAG is guiding toward production of 1,300 boe/d and capital expenditures of C$12.4 mm. We have reduced our estimates to come in line with company guidance. TAG is guiding for a fiscal year-end 2019 production rate of 1,700 boe/d. The exi
29 Jun 2018
TAG reports fiscal year-end 2018 results and 2019 guidance
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TAG reports fiscal year-end 2018 results and 2019 guidance
TAG Oil Ltd (TAO:TSX) | 0 0 -2.2% | Mkt Cap: 37.5m
- Published:
29 Jun 2018 -
Author:
Darren B. Engels -
Pages:
7
TAG reported fiscal 4Q18 (January to March 2018) results that were behind expectations. Production of 1,117 boe/d was impacted by offline wells and cash flow of nil was impacted by repairing offline wells and one-time accounting charges. For fiscal year 2019, TAG is guiding toward production of 1,300 boe/d and capital expenditures of C$12.4 mm. We have reduced our estimates to come in line with company guidance. TAG is guiding for a fiscal year-end 2019 production rate of 1,700 boe/d. The exi