About Tango Energy

Tango is a junior oil and gas exploration and development company which is focused in deeper portions of the western Canadian sedimentary basin where some of the largest and longest life reserves and best resource plays can be found in North America. While Tango has traditionally drilled for and found all of its reserves through the drill bit, it is currently focused on strategic acquisitions in order to take advantage of the low commodity price environment.

Tango currently has production of approximately 450 barrels of oil equivalent per day, with an average working interest of 58 % in approximately 46,000 acres of land in the Southern Foothills, Central and Deep Basin, and Peace River Arch area’s of Alberta. Traditionally Tango has raised capital through the issuance of shares to explore for and drill prospects on these lands.  In light of the current market conditions, Tango will supplement it’s current land and production base through a combination of spending  its cash flow, on high impact affordable opportunities with partners and continuing to review both property and corporate acquisitions.

Tango is committed to remaining debt free and maintains maximum financial flexibility in order to pursue value in the current opportunity rich environment. This includes property and corporate acquisitions, low risk drilling opportunities which are currently in inventory and optimization projects for wells which are currently producing.