TAG Oil sells Taranaki royalty assets

TAG Oil sells Taranaki royalty assets
The Cheal onshore field in the Taranaki Basin. (Image: Matahio Energy)
John Anthony
TAG Oil has sold its non-core royalty assets in New Zealand for US$2.5 million (NZ$4.2m), six years after exiting the country.On April 8, the Canadian oil and gas company said its NZ subsidiaries had entered an agreement to sell NZ royalty interests to an “arm’s length party” for up to US$2.5m.Sale detailsThis week, TAG announced that it had closed the sale of its 2.5% gross overriding royalty on production from the Cheal, Cardiff, Sidewinder, Supplejack, Puka, and Cheal East permits in Taranaki to Kiwi Royalty.TAG chief execu...

More Energy

Genesis looks at expansion of Huntly power station
Energy

Genesis looks at expansion of Huntly power station

Market being tested for risk investment appetite. 

Ian Llewellyn 01 Jul 2025
Winter 2026 energy shortage warning confirmed
Energy

Winter 2026 energy shortage warning confirmed

Gas has declined even further, but so has industrial demand.

Ian Llewellyn 30 Jun 2025
UK’s Eku Energy buys into Waikato battery storage project
Energy

UK’s Eku Energy buys into Waikato battery storage project

The deal is with overseas-owned NZ company Helios Energy.

John Anthony 26 Jun 2025
Public Trust makes claims of $900m against SolarZero
Law & Regulation

Public Trust makes claims of $900m against SolarZero

Public Trust has made unsecured claims against the company.

Ian Llewellyn 25 Jun 2025