Ashley Garnot

Vancouver, B.C. – June 6, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce it has acquired a 70% working interest and operatorship of the PEP 51153 (“Puka”) onshore permit in the Taranaki Basin of New Zealand. TAG’s joint venture partner in the Puka permit is MEO Australia Limited (30%). The Puka permit covers an area of approximately 85 square km (21,000 acres) and is located to the east of TAG’s producing Cheal field. Three wells have been drilled since the Puka oil field was discovered in 2012, with the Puka-1 and Puka-2 wells producing

Vancouver, B.C. – April 14, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) announces that its capital budget for the Company’s 2017 fiscal year (April 1, 2016 to March 31, 2017) will be approximately $7.6 million, which will be funded entirely by forecasted cash flow and working capital on hand. A further $4.6 million of incremental capital expenditures are contingent on oil prices improving significantly. While oil prices appear to be strengthening since hitting 12-year lows earlier this year, TAG’s primary goal is to conservatively manage its balance sheet with plans to end its fiscal 2017 with at

Vancouver, B.C. – March 22, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) announces that the operator of the offshore Kaheru permit (New Zealand Oil & Gas) has submitted an application to the regulator to surrender the permit on behalf of the PEP 52181 joint venture, upon which TAG holds…

Vancouver, B.C. – March 3, 2016 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce that Mr. Henrik Lundin accepted the appointment as Chief Operating Officer, commencing on or about June 27, 2016, and will be based in the Company’s operations’ office in New Plymouth, New Zealand. Mr. Lundin is an experienced oil and gas engineer who holds a BSc in Petroleum Engineering from the Colorado School of Mines in Colorado, United States. Mr. Lundin’s career as a reservoir engineer has developed through his experience in onshore fields located in Syria and France, as well as

Vancouver, B.C. – February 16, 2016 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report the third quarter results for the fiscal year ending March 31, 2016, in which the Company was able to increase its average net daily oil production by 2% to 945 bbl/d from the previous quarter. This increase is primarily due to the Cheal-A1, B5 and B1 wells returning to production during the quarter following the completion of the workover program. Oil and gas production remains relatively stable following the quarter with average daily gross production having reached as high as 1,811

Vancouver, B.C. – November 16, 2015 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report the second quarter results for the fiscal year ending March 31, 2016. The Company managed to increase its cash position by $0.9 million to $21.4 million, compared to $20.5 million for the previous quarter ended June 30, 2015, and remains committed to reducing operating and administrative costs wherever possible. As a result of the ongoing challenges posed by the economic climate and low oil prices that have stretched beyond a year now, TAG’s operational vison is focused on low-risk, low-capital, incremental

Vancouver, B.C. – October 14, 2015 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is cutting its forward guidance and planned capital expenditures for the remainder of fiscal 2016 in response to the low commodity price environment, and due to a slower than expected ramp up of our workover program in the Taranaki Basin of New Zealand. TAG will focus on preserving capital, continuing with a reduced workover program and reducing costs. GUIDANCE AND OUTLOOK FOR THE REMAINDER OF FISCAL YEAR 2016 TAG is reducing its 2016 average production guidance down from 1,900 BOE/d to 1,400 BOE/d and expects

Vancouver, Canada – October 1, 2015 – New Zealand oil and gas producer TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) announces that its Chief Operating Officer, Frank Jacobs, has resigned to pursue other opportunities. A search for a replacement will commence and TAG will update the market as appropriate in due course.   Toby Pierce, CEO commented, “We at TAG Oil wish Frank all the best in his future endeavors. Frank worked closely with our team in New Zealand and helped focus our operational activities. And while he will be missed, I’m confident the strong team we have in

Vancouver, B.C. – August 17, 2015 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report the first quarter results for the fiscal year ending March 31, 2016. The Company achieved revenue of $10.4 million during the quarter, a 7% increase compared to $9.7 million for the previous quarter ended March 31, 2015. Changes in the economic climate and low oil prices over the last year have brought about a shift in TAG’s near and long-term focus towards low-risk, low-expenditure, in-field production optimization opportunities that have been identified to increase production. As a result, TAG Oil continues

Vancouver, B.C. – June 29, 2015 – TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report results for the fiscal year ending March 31, 2015. The Company achieved strong revenues of $53.7 million during the year, with average daily production remaining flat at 1,856 BOE/d (77% oil), over last year however, TAG’s net oil production increased by 29% for the fiscal year to 1,425 bbl/d compared with 1,107 bbl/d in fiscal year 2014.