TAG Oil quits NZ, sells to Tamarind

Tue, 06 Nov 2018

By Pattrick Smellie and Gavin Evans Nov. 7 (BusinessDesk) - Taranaki oil and gas producer TAG Oil is selling its New Zealand operations for US$30 million to Tamarind Resources, citing the less friendly environment for the oil and gas sector as one of its reasons for quitting the country. One of the quiet achievers of the New Zealand petroleum sector, Toronto Stock Exchange-listed TAG has built up a portfolio of onshore oil and gas production after recapitalising the operations of Austral Pacific almost a decade ago. It had pursued a sa...

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