TAG OIL
Aerial view of 2013 ’ s Ngapaeruru exploration .
BY BLENDING PRODUCTION styles from Canada and New Zealand , TAG Oil has managed to find a sweet spot for operations in the Southern Hemisphere .
TAG Oil was founded in Canada in 2002 by Alex Guidi with the express purpose of exploration in New Zealand . While trading on the Toronto Stock Exchange , the company invests nearly 100 percent of their capital in the development of projects in their host country . Though a relatively small company in the world of oil production , Chief Operating Officer Drew Cadenhead says the company has no problem
competing in their niche market .
“ We are the most active explorer in New Zealand and have had good exploration success over the last few years ,” Cadenhead said . “ A very strong financial position [ has us ] positioned well for future growth into the next few years .”
Cadenhead ’ s optimism is not without merit . TAG Oil has seen tremendous growth in the last decade . TAG Oil was “ relatively inactive ” for the first seven years of its existence , according to Cadenhead , who used to be the Chief Executive Officer .
“ We were just JV partners with
50 September 2014