TAG OIL
ENERGY
According to Pierce , a particularly prospective project is Cardiff — a deeper gas exploitation with potential to be a very large deposit . “ It will likely take some time to approach while we ’ re being conservative with cash flow , but we could possibly consider bringing in a partner if the conditions were right ,” he said .
Along with strong assets , TAG owns and operates a modern production infrastructure and associated pipeline network , linking the gas it produces to the main high capacity pipeline , ensuring direct access to thriving markets in the Taranaki region .
In what other ways can TAG Oil grow ? “ We have nice footprint in New Zealand , but it ’ s a relatively small place and we ’ d like to expand ,” said Pierce . And in a market plagued by high production costs coupled with low commodity prices , TAG Oil is well positioned to take advantage .
Toby Pierce , Chief Executive Officer & Director
If the deal is right Unlike most junior oil and gas companies at the moment , TAG ’ s model for growth isn ’ t all through development , but rather through acquisitions as well .
Max Murray , New Zealand Country Manager
“ The benefit of growing through acquisitions is a larger and more diverse portfolio . It also provides more access to financing , giving us a wider range of deals to look at .” – CEO Toby Pierce www . tagoil . com 91