Tag cuts risky oil search

VANCOUVER-based New Zealand oil and gas producer Tag Oil has joined the rest of the world's energy sector in reducing exposure to higher risk expenditure in favour of focusing in shallow Miocene targets in the Taranaki Basin.

Tag cuts risky oil search Tag cuts risky oil search Tag cuts risky oil search Tag cuts risky oil search Tag cuts risky oil search

Tag chairman Alex Guidi said the company, which recently parted ways with its key NZ-based executives Drew Cadenhead and Garth Johnson, was focused on reducing costs and identifying optimisation

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