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BRIEF-Tag Oil reports Q1 2018 results

Published 2017-08-14, 09:18 a/m
BRIEF-Tag Oil reports Q1 2018 results
TAO
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Aug 14 (Reuters) - Tag Oil Ltd TAO.TO

* Tag Oil reports Q1 2018 results

* Tag Oil Ltd - average net daily production decreased by 4% for quarter ended June 30, 2017 to 1,169 BOE/D (77% oil) from 1,218 BOE/D (79% oil) for Q1 2017

* Tag Oil Ltd - revenues generated from oil and gas sales decreased by 14% for quarter ended June 30, 2017 to $5.4 million from $6.3 million for quarter ended March 31, 2017

* Tag Oil Ltd - qtrly operating netbacks decreased by 16% to $23.09 per BOE compared with $27.46 per BOE for quarter ended March 31

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