New TAG Oil Pipeline Nears Completion: Paves Way for Natural Gas Sales & Field Development
New Plymouth, New Zealand – May 14, 2015 – Oil and gas operator TAG Oil Ltd., listed on the Toronto Stock Exchange (trading symbol TAO), and in the US on the OTCQX Market (trading symbol TAOIF), reports that pipeline construction connecting the Cheal-E development area to TAG’s main Cheal-A production infrastructure is nearly complete. The TAG-led, NZ$4.5 million (US$3.3 million) project was completed on budget and ahead of schedule. “The new pipeline is an important addition to TAG’s overall infrastructure in the Taranaki region,” said Max Murray, TAG Oil’s New Zealand Country Manager. “It allows us to significantly reduce operating costs