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BRIEF-TAG Oil says capital budget for 2018 fiscal year will be up to about C$27.4 mln

Published 2017-04-19, 09:11 a/m
© Reuters.  BRIEF-TAG Oil says capital budget for 2018 fiscal year will be up to about C$27.4 mln
TAO
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April 19 (Reuters) - TAG Oil Ltd TAO.TO :

* TAG Oil Ltd - capital budget for company's 2018 fiscal year will be up to approximately c$27.4 million

* TAG Oil Ltd - capital budget for company's 2018 fiscal year will be funded entirely by forecasted cash flow and working capital on hand

* TAG Oil Ltd - TAG Oil is estimating that fy2018 revenue from operations will be about c$28 million

* TAG Oil Ltd - sees 2018 production averaging about 1,400 BOE/D

* TAG Oil Ltd - expects to exit FY2018 with production of about 1,900 BOE/D Source text for Eikon: ID:nPnc7C0Lya Further company coverage: TAO.TO

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