NEW ZEALAND

TAG triples revenue on Taranaki strength

NEW Zealand-focused Canadian junior TAG Oil has tripled its production revenue to more than $C13.23 million ($A12.74 million) for the first six months of its 2012 financial year compared to the same 2011 period, through continuing increased production from its onshore Taranaki fields.

Vancouver-headquartered TAG announced overnight that its production revenue had increased from $C4,227,063 to $C13,230,278, resulting in a net profit of $C4,983,742, for the half-year to September 30,...

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