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TAG Oil Provides BED 1-7 Operations Update

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to announce that the Company has commenced the re-completion and evaluation operations of the BED 1-7 vertical well. These initial operations are part of TAG Oil’s Phase 1 development program of the unconventional Abu Roash “F” (“ARF”) reservoir in the Badr Oil Field (“BED-1”) located in the Western Desert, Egypt. More specifically, the Company identified a suitable candidate well (BED 1-7) for re-completion that historically produced approximately 20,000 barrels from the ARF reservoir at an initial production rate of 418 barrels of oil per day. The well declined quickly without any