PennyStockPayCheck.com Rss

Featured Posts

Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

Read more

Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

Read more

Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

Read more

Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

Read more

UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

Read more

TAG Oil Ltd. (TAOIF: OTCQX International) | TAG Oil’s Ngapaeruru-1 Well Intersects Oil and Gas Shows in Source Rock

Category : Stocks

< ?xml version="1.0" encoding="UTF-8"?>

TAG Oil’s Ngapaeruru-1 Well Intersects Oil and Gas Shows in Source Rock

PR Newswire

VANCOUVER, May 14, 2013

VANCOUVER, May 14, 2013 /PRNewswire/ – TAG Oil Ltd. (TSX: TAO) and (OTCQX:
TAOIF), reports that TAG’s 100%-controlled Ngapaeruru-1 exploration
well has reached a total depth of 1417 meters after successfully
drilling through the Waipawa and Whangai source rock formations, the
main objective of the well.

Excellent mud gas shows – which indicate the presence of gas zones or
soluble gas in oil – were recorded between the intervals of 1140 -
1295m (155m gross hydrocarbon column). Preliminary gas ratio analysis
interprets a predominantly wet gas / oil signature. All data has now
been forwarded to independent laboratories for expert analysis.

In addition, TAG Oil cut and recovered sidewall cores over 14 separate
intervals within the 155 meters of potential unconventional oil and gas
pay, sampled total organic content (TOC) and acquired in-situ gas analysis at depth. Detailed petrophysical evaluation is now
underway with a full suite of unconventional logs to ascertain source
rock quality, fracture identification, geochemistry, and rock moduli
data. This data is critical to determining the most suitable completion
method and production testing of the Ngapaeruru-1 well, as well as to
better understanding the long term feasibility of TAG’s East Coast
Basin opportunity.

“Our team did an excellent job drilling this first ever unconventional
target in the East Coast Basin,” commented Drew Cadenhead, TAG’s Chief
Operating Officer. “Diligence and communication made certain that the
occasionally tricky drilling conditions in this Basin were handled as
planned: safely, efficiently, and with no environmental incidents. The
fact that early mud-log analysis has returned wet gas and oil
indications is both encouraging and very exciting. We’re looking
forward to more detailed results once analysis of the data acquired
from the Ngapaeruru-1 well is complete.”

Ngapaeruru-1 is located in TAG’s 100%-controlled Petroleum Exploration
Permit 38349 in the East Coast Basin of New Zealand. The Ngapaeruru-1
well represents New Zealand’s first test directly targeting the
naturally fractured Waipawa and Whangai formation source rocks which is
believed to contain a significant oil and gas resource.

For further information on the Ngapaeruru-1 exploration well and TAG
Oil’s unconventional prospects please visit:
http://www.tagoil.com/20130422-TAG-Oil-First-Oil-And-Gas-Exploration-Well-East-Coast-Basin.asp

TAG Oil Ltd.

TAG Oil Ltd. (http://www.tagoil.com/) is a Canadian-based production and exploration company with operations
focused exclusively in New Zealand. With 100% ownership over all its
core assets, including extensive oil and gas production infrastructure,
TAG is enjoying substantial oil and gas production and reserve growth
through development of several light oil and gas discoveries. TAG is
also actively drilling high-impact exploration prospects identified
across more than 2,984,171 net acres of land in New Zealand.

In the East Coast Basin, TAG is exploring the major unconventional
resource potential believed to exist in the source-rock formations that
are widespread over the Company’s acreage. These oil-rich and naturally
fractured formations have many similarities to North America’s Bakken
source-rock formation in the successful Williston Basin.

Cautionary Note Regarding Forward-Looking Statements:

Statements contained in this news release that are not historical facts
are forward-looking statements that involve various risks and
uncertainty affecting the business of TAG. Such statements can be
generally, but not always, identified by words such as “expects”,
“plans”, “anticipates”, “intends”, “estimates”, “forecasts”,
“schedules”, “prepares”, “potential” and similar expressions, or that
events or conditions “will”, “would”, “may”, “could” or “should” occur.
All estimates and statements that describe the Company’s objectives,
mudlog gas readings, oil indicators, drilling, goals and or future
plans with respect to the drilling in the East Coast Basin
forward-looking statements under applicable securities laws and
necessarily involve risks and uncertainties including, without
limitation: risks associated with oil and gas exploration, development,
exploitation and production, geological risks, marketing and
transportation, the risk associated with estimating undiscovered
original initially-in-place, availability of adequate funding,
volatility of commodity prices, environmental risks, competition from
others, and changes in the regulatory and taxation environment. Actual
results may vary materially from the information provided in this
release, and there is no representation by TAG Oil that the actual
results realized in the future will be the same in whole or in part as
those presented herein.

Other factors that could cause actual results to differ from those
contained in the forward-looking statements are also set forth in
filings that TAG and its independent evaluator have made, including
TAG’s most recently filed reports in Canada under National Instrument
51-101, which can be found under TAG’s SEDAR profile at www.sedar.com.

TAG undertakes no obligation, except as otherwise required by law, to
update these forward-looking statements in the event that management’s
beliefs, estimates or opinions, or other factors change.

SOURCE TAG Oil Ltd.

See the article here: TAG Oil Ltd. (TAOIF: OTCQX International) | TAG Oil’s Ngapaeruru-1 Well Intersects Oil and Gas Shows in Source Rock

Post to Twitter

Project Kickoffs Totaling $9.7 Billion Planned for U.S. West Coast in Second-Quarter 2013, an Industrial Info News Alert

Category : World News

SUGAR LAND, TX–(Marketwire – Mar 30, 2013) – Researched by Industrial Info Resources (Sugar Land, Texas) — According to Industrial Info’s North American Industrial Project Database, projects totaling more than $9.7 billion are set to kick off in the U.S. West Coast region from April through June of this year. The region includes the states of California, Oregon, Washington, Alaska and Hawaii.

View post: Project Kickoffs Totaling $9.7 Billion Planned for U.S. West Coast in Second-Quarter 2013, an Industrial Info News Alert

Post to Twitter

Rail franchising process to restart

Category : Business

The rail franchising process is to restart, the government will say on Tuesday, six months after the collapse of the West Coast deal stopped it.

Link: Rail franchising process to restart

Post to Twitter

Bidders sought for East Coast rail

Category : Business

Private companies have been invited to bid for the East Coast rail franchise, which has been run in the public sector since 2009.

Continued here: Bidders sought for East Coast rail

Post to Twitter

Rail fiasco ‘to cost at least £50m’

Category : World News

A “complete lack of common sense” in the government’s handling of the West Coast Main Line rail bids will cost taxpayers at least £50m, MPs say.

Read the original here: Rail fiasco ‘to cost at least £50m’

Post to Twitter

California Winegrape Crop Tops 4 Million Tons for 2012

Category : Stocks, World News

Crop up 20% From 2011

North Coast up 47%, Central Coast up 41%, Northern Interior up 33% and Southern Interior up 4%

Visit link: California Winegrape Crop Tops 4 Million Tons for 2012

Post to Twitter

‘Major failures’ over rail deal

Category : Business, World News

The collapse of the West Coast Main Line franchise deal was the result of “irresponsible decisions” and “major failures”, says an MPs’ report.

Here is the original post: ‘Major failures’ over rail deal

Post to Twitter

Iceland gives oil and gas permits

Category : World News

Iceland awards two licences for oil and gas exploration and production in the waters off the north east coast of the Atlantic island.

Original post: Iceland gives oil and gas permits

Post to Twitter

EP Global Communications, Inc. (EPGL: OTC Link) | Corporate Bylaws

Category : Stocks, World News

Mon, Dec 31, 2012 03:24 – EP Global Communications, Inc. (EPGL: OTC Link) released their Corporate Bylaws concerning Bylaws of EP Global Communications, Inc. formerly East Coast Airlines, Inc.. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=97459.

Read the rest here: EP Global Communications, Inc. (EPGL: OTC Link) | Corporate Bylaws

Post to Twitter

Teck Provides Update on Coal Shipments

Category : Stocks

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 21, 2012) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) (“Teck”) announced today that coal sales for the fourth quarter of 2012 are expected to exceed prior guidance of 6.2 million tonnes, and production for the first quarter of 2013 is not expected to be materially impacted by the damage to Berth 1 at Westshore Terminals. Teck will use alternative shipping options throughout the duration of the repairs at Westshore, including securing additional capacity through Neptune Terminals, Pacific Coast Terminals, Thunder Bay Terminals and Ridley Terminals. On the basis of Westshore’s estimated repair schedule for Berth 1 and expected loading capacity for Berth 2, Teck expects to have total shipping capacity of approximately six million tonnes in the first quarter of 2013.

More: Teck Provides Update on Coal Shipments

Post to Twitter