TAG Oil Announces FY2018 Independent Reserves Results
Vancouver, B.C. – June 19, 2018 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) confirms that ERC Equipoise Ltd. (“ERCE”), a qualified reserves evaluator in accordance with National Instrument 51-101 and the Canadian Oil and Gas Evaluation Handbook, has completed its independent reserves assessment on the Company’s producing oil and gas assets within the Cheal (PMP 38156), Cheal East (PEP 54877) and Sidewinder (PMP 53803) permits in New Zealand. This report is dated and is effective as at March 31, 2018. ERCE has assigned a pre-tax net present value of $97 million (FY2017: $82 million), using a 10% discount