TAG Oil Begins Drilling Waitangi Valley-1 Unconventional Exploration Well
Vancouver, B.C. – July 24, 2014 – New Zealand oil and gas producer TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) is pleased to announce commencement of drilling operations at the Company’s 100%-controlled Waitangi Valley-1 exploration well in Petroleum Exploration Permit 38348, located in New Zealand’s East Coast Basin. The Waitangi Valley-1 well spudded on July 23, 2014 and will be drilled to a total depth of approximately 3,600 meters (11,800 feet). Waitangi Valley-1 is situated 250 kilometers north of TAG’s Ngapaeruru-1 unconventional well, and is the Company’s second high impact exploration well targeting the Waipawa Black Shale and Whangai