TAG Oil Closes the Sale of its New Zealand Royalty Interests
TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: T0P) (“TAG Oil” or the “Company”) is pleased to announce that it has closed the sale of its 2.5% gross overriding royalty on production from PMP 38156 (Cheal and Cardiff), PMP 53803 (Sidewinder), PMP 60454 (Supplejack), PEP 51153 (Puka), and PMP 60291 (Cheal East) (the “Permits”) to Kiwi Royalty Limited (the “Transaction”), which was previously announced on April 8, 2025. Under the terms of the definitive asset sale and purchase agreement dated April 7, 2025, the Company received a cash payment of US$2,200,000, which sum included a non-refundable deposit of US$50,000,