Confident TAG Oil commits C$27.4M to capex in 2017/18

Wed, 19 Apr 2017

By Pattrick Smellie April 20 (BusinessDesk) - Vancouver-based onshore Taranaki oil and gas explorer and producer TAG Oil is forging ahead with capital expenditure of C$27.4 million of exploration, production and work-over projects, with another C$8.4 million available if farm-in partners emerge and oil prices rise. The debt-free company says it's anticipating its "busy 2018 capital programme ... will not only satisfy the bulk of our commitments on our acreage, but also potentially contribute significantly to production and resource growth...

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