TAG Oil Ltd. has appointed Toby Pierce as CEO and a director of TAG Oil, effective immediately.
Pierce is a natural-resource executive with more than 19 years of extensive transactional and valuation experience across multiple deals, from a million to $1.3 billion in value. He began his career as a geologist with Hunter Dickinson, then moved to Pierce Geological, a privately held oil and gas consulting company. As acting director of oil and gas institutional research at Tristone Capital, Pierce worked in both the Calgary and London offices.
Remaining in London, he became partner and lead oil and gas analyst for GMP Europe Securites LLP, where he covered a variety of oil and gas companies with market capitalizations ranging from $30 million to $15 billion, and provided strategic advice and valuation expertise both internally to the investment banking and sales partners, and externally to energy company management on asset acquisitions, financings, and capital markets, while conducting numerous site visits and asset reviews of operations around the globe.
Pierce recently held a senior management position as managing director of Burnt Ridge Advisory, a natural resources advisory firm focused on acquisitions, valuation, investments, mergers and acquisitions, deal structuring, and due diligence for resource companies and investors.
Concurrent with Pierce's appointment as CEO, Alex Guidi will continue to act as chairman of the company. TAG Oil's board now consists of Alex Guidi, Toby Pierce, Keith Hill, Ken Vidalin, and Brad Holland.
TAG Oil is a Canadian-based development-stage oil and gas company with operations, including production infrastructure, in the Taranaki region of New Zealand.