NEW ZEALAND

TAG, Trans-Orient eye bright future

CANADIAN juniors TAG Oil and Trans-Orient Petroleum have both posted multi-million-dollar losses but say that with no debt, and substantial working capital, their proposed mid-December merger will create a dynamic, high-growth international oil company.

Trans-Orient yesterday said it had recorded a net loss of $C4.7 million ($A4.86 million) for the July 31, 2009 financial year, while TAG said its net loss for the September quarter was $C1,910,879 and...

Start a free trial to continue reading this article

Already have an account? Sign in here

Subscribe now

EXPLORATION

TGS scraps plans for mammoth seismic survey in the Otway Basin

OIL & GAS

Santos clears key legal hurdle for Narrabri gas project

ENERGY TRANSITION

World's first cross-border CO2 transport and storage facility opens

POLICY

Leading NZ oil and gas producer looking to cut staff

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.