TWO top TAG Oil executives– chief executive Garth Johnson and chief operating officer Drew Cadenhead – are leaving the Canadian listed junior explorer to pursue new avenues of work.
Both will continue in their respective roles during a transition period to support the appointment of new executives.
Mr Johnson said TAG had drilled more wells in New Zealand than any other explorer during their time with the company.
“But Drew and I both felt it was time for a change at the executive level to make way for the required expertise to execute on TAG’s next phase of growth.”
“It’s been a great opportunity at TAG for almost eighteen years now, working with a lot of great people and organisations in the oil and gas industry, our staff and shareholders, and of course in our operating areas of New Zealand,” he added.
It is not known what Mr Johnson, who has only worked in the Vancouver headquarters of TAG, intends doing in the future.
However, it is known that Vancouver born Mr Cadenhead, who has also been company president and chief executive, and his family intend staying in Taranaki where they have resided for most of the past 20 years or so.
Chairman and founder Alex Guidi said both men had made significant contributions to the development of TAG over the years.