TAG Oil Ltd (TAOIF)

[sfajner]

Come on! This stock deserves better!

Q1 2014 TAG Oil Highlights

At June 30, 2013, the Company had cash of $57.2 million, working capital of $63.5 million and no debt.
Production revenue increased to $14.7 million.
Net income of $4.5 million generated, before the deduction of non-cash share-based compensation.
Operations generated $9.6 million in cashflow.
Daily average production increased 39% in Q1-14 compared to Q4-13.
Purchased 260,000 common shares of the Company for cancellation and return to treasury at an average price of $3.05 per share.
Drilled and cased the Ngapaeruru-1 well in the East Coast Basin, intersecting 155 meters of unconventional oil and gas reservoir in the source rock.
Signed a new surface access agreement in the East Coast Basin permit to allow for drilling access on PEP 38348 (Waitangi Hill area).