TAG Oil Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - 2015

 Published On: May, 2016 |    No of Pages: 74 |  Published By: GlobalData | Format: PDF
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Summary

TAG Oil Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.

Scope

The report provides in-depth analysis and insights into companies’ capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following -
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company’s oil and gas reserves and production information by country. It further consists of in-depth information on the company’s expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company’s share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe).
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.

*Note:

1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors’ financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational metrics.
- Establish relative performance among the industry’s players based on key operational and financial measures.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
TAG Oil Ltd., Valuation and Financial Data, 2011-2015 8
TAG Oil Ltd., Share Price Performance, 2011-2015 8
Share Price Performance, 2011-2015 8
Key Valuation Metrics, 2011-2015 9
TAG Oil Ltd., Production and Reserves Trends 10
Total Oil and Gas, Reserves and Production 10
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 10
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 12
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 14
Crude Oil/Liquids Production and Reserve 15
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 15
Crude Oil Production and Reserves By Country/Region, 2011-2015 16
Crude Oil/Liquids Reserve Changes, 2011-2015 18
Natural Gas Production and Reserve 19
Natural Gas Production and Reserve Trend, 2011-2015 19
Natural Gas Production and Reserves, By Country/Region, 2011-2015 20
Natural Gas Reserve Changes, 2011-2015 22
Total Crude Oil and Natural Gas Reserves Life Index 23
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 23
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 24
TAG Oil Ltd., E&P Costs Trends 26
Allocation of the Upstream Capital Expenditure 26
Upstream Capital Expenditure, 2011-2015 26
Exploration and Development Costs, By Country/Region, 2011-2015 27
Oil and Gas Cost Per boe, US$/boe 29
Oil and Gas Cost Per boe, US$/boe, 2011-2015 29
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 31
TAG Oil Ltd., Reserve Replacement Ratio 33
Oil and Gas Production Replacement Ratio 33
Oil and Gas Production Replacement Ratio, 2011-2015 33
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 35
TAG Oil Ltd., Results of Oil & Gas Operations Trend 39
Oil and Gas Revenue and Expenses 39
Oil and Gas Revenue and Expenses, 2011-2015 39
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 40
Oil and Gas Revenue and Expenses, Per boe 45
Oil and Gas Revenue and Expenses, By boe, 2011-2015 45
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 46
Oil and Gas Performance Metrics 50
TAG Oil Ltd., Land Holdings and Well Data 51
Developed and Undeveloped Acreage 51
Gross and Net Developed and Undeveloped Acreage, 2011-2015 51
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 52
Well Statistics 54
Producible Oil and Gas Well, 2011-2015 54
Producible Oil and Gas Well, By Country/Region, 2011-2015 55
Exploration and Development Wells Drilled, 2011-2015 59
Recent Developments 60
TAG Oil Ltd. - Recent Developments 60
Apr 14, 2016: TAG Oil Announces FY2017 Capital Budget And Guidance 60
Apr 07, 2016: TAG Oil Announces Appointment Of Chief Financial Officer 61
Apr 07, 2016: TAG Oil Provides Preliminary Year End Results 62
Mar 22, 2016: TAG Oil Provides Operations Update 62
Mar 03, 2016: Tag Oil Announces Henrik Lundin As Chief Operating Officer And David Bennett As Technical Director 63
Feb 17, 2016: TAG Oil Reports Q3 Results 63
Dec 18, 2015: TAG Announces Election Of Board Of Directors And Provides Operations Update 66
Nov 16, 2015: TAG Oil Reports Increased Cash Position In Q2 Results 66
Oct 22, 2015: East West Petroleum Announces Romania And New Zealand Operational Update 69
Oct 14, 2015: TAG Oil Reports A Reduction In Forward Guidance And Reduced Capital Spending 70
Appendix 72
Methodology 72
Coverage 72
Secondary Research 72
Primary Research 72
Data Information Sources 73
Company Source 73
SEC/Other Regulatory Filings 73
Other Sources 73
Expert Panel Validation 73
Data Definition 73
Oil and Gas Reserves 73
Units of Measure 74
About GlobalData 74
Disclosure 74
Disclaimer 74

List of Tables
Table 1: TAG Oil Ltd., Key Facts 7
Table 2: TAG Oil Ltd., Share Price Performance, 2011-2015 8
Table 3: TAG Oil Ltd., Key Valuation Metrics, 2011-2015 9
Table 4: TAG Oil Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 11
Table 5: TAG Oil Ltd., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 13
Table 6: TAG Oil Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 14
Table 7: TAG Oil Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 15
Table 8: TAG Oil Ltd., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 17
Table 9: TAG Oil Ltd., Crude Oil Reserve Changes, mmbbl, 2011-2015 18
Table 10: TAG Oil Ltd., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 19
Table 11: TAG Oil Ltd., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 21
Table 12: TAG Oil Ltd., Natural Gas Reserve Changes, bcf, 2011-2015 22
Table 13: TAG Oil Ltd., Oil and Gas Reserves Life Index, Years, 2011-2015 23
Table 14: TAG Oil Ltd., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 25
Table 15: TAG Oil Ltd., Upstream Capital Expenditure, US$ mil, 2011-2015 26
Table 16: TAG Oil Ltd., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 28
Table 17: TAG Oil Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 30
Table 18: TAG Oil Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 32
Table 19: TAG Oil Ltd., Oil and Gas Production Replacement Ratio, %, 2011-2015 33
Table 20: TAG Oil Ltd., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 38
Table 21: TAG Oil Ltd., Revenue and Expenses, US$ mil, 2011-2015 39
Table 22: TAG Oil Ltd., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 44
Table 23: TAG Oil Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 45
Table 24: TAG Oil Ltd., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 49
Table 25: TAG Oil Ltd., Oil and Gas Performance Metrics, 2011-2015 50
Table 26: TAG Oil Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 51
Table 27: TAG Oil Ltd., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 53
Table 28: TAG Oil Ltd., Producible Oil and Gas Wells, 2011-2015 54
Table 29: TAG Oil Ltd., Producible Oil and Gas Wells, By Country/Region, 2011-2015 58
Table 30: TAG Oil Ltd., Exploratory and Developed Wells, 2011-2015 59

List of Figures
Figure 1: TAG Oil Ltd., Share Price Performance, CAD/Share, 2011-2015 8
Figure 2: TAG Oil Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 9
Figure 3: TAG Oil Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 10
Figure 4: TAG Oil Ltd., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 12
Figure 5: TAG Oil Ltd., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 12
Figure 6: TAG Oil Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 14
Figure 7: TAG Oil Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 15
Figure 8: TAG Oil Ltd., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 16
Figure 9: TAG Oil Ltd., Oil Production, By Country/Region, mmbbl, 2011-2015 16
Figure 10: TAG Oil Ltd., Crude Oil Reserve Changes, mmbbl, 2015 18
Figure 11: TAG Oil Ltd., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 19
Figure 12: TAG Oil Ltd., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 20
Figure 13: TAG Oil Ltd., Gas Production, By Country/Region, bcf, 2011-2015 20
Figure 14: TAG Oil Ltd., Natural Gas Reserve Changes, bcf, 2015 22
Figure 15: TAG Oil Ltd., Oil and Gas Reserves Life Index, Years, 2011-2015 23
Figure 16: TAG Oil Ltd., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 24
Figure 17: TAG Oil Ltd., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 24
Figure 18: TAG Oil Ltd., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 25
Figure 19: TAG Oil Ltd., Upstream Capital Expenditure, US$ mil, 2011-2015 26
Figure 20: TAG Oil Ltd., Development Costs, By Country/Region, US$ mil, 2011-2015 27
Figure 21: TAG Oil Ltd., Exploration Costs, By Country/Region, US$ mil, 2011-2015 27
Figure 22: TAG Oil Ltd., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 29
Figure 23: TAG Oil Ltd., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 31
Figure 24: TAG Oil Ltd., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 31
Figure 25: TAG Oil Ltd., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 32
Figure 26: TAG Oil Ltd., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 33
Figure 27: TAG Oil Ltd., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 35
Figure 28: TAG Oil Ltd., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 35
Figure 29: TAG Oil Ltd., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 36
Figure 30: TAG Oil Ltd., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 36
Figure 31: TAG Oil Ltd., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 37
Figure 32: TAG Oil Ltd., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 37
Figure 33: TAG Oil Ltd., Revenue and Expenses, US$ mil, 2011-2015 39
Figure 34: TAG Oil Ltd., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 40
Figure 35: TAG Oil Ltd., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 40
Figure 36: TAG Oil Ltd., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 41
Figure 37: TAG Oil Ltd., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 41
Figure 38: TAG Oil Ltd., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 42
Figure 39: TAG Oil Ltd., Production Costs, By Country/Region, US$ mil, 2011-2015 42
Figure 40: TAG Oil Ltd., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 43
Figure 41: TAG Oil Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 45
Figure 42: TAG Oil Ltd., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 46
Figure 43: TAG Oil Ltd., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 46
Figure 44: TAG Oil Ltd., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 47
Figure 45: TAG Oil Ltd., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 47
Figure 46: TAG Oil Ltd., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 48
Figure 47: TAG Oil Ltd., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 48
Figure 48: TAG Oil Ltd., Oil and Gas Performance Metrics, 2011-2015 50
Figure 49: TAG Oil Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 51
Figure 50: TAG Oil Ltd., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 52
Figure 51: TAG Oil Ltd., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 52
Figure 52: TAG Oil Ltd., Producible Oil and Gas Wells, 2011-2015 54
Figure 53: TAG Oil Ltd., Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 55
Figure 54: TAG Oil Ltd., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 55
Figure 55: TAG Oil Ltd., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 56
Figure 56: TAG Oil Ltd., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 56
Figure 57: TAG Oil Ltd., Net Productive Gas Wells, By Country/Region, Number, 2011-2015 57
Figure 58: TAG Oil Ltd., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 57
Figure 59: TAG Oil Ltd., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 58
Figure 60: TAG Oil Ltd., Exploratory and Developed Wells, 2011-2015 59


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