TAG Oil News

2011 News

TAG Reports Substantial Year-End Reserve Increase to its Taranaki Basin Oil and Gas Fields

Vancouver, B.C. May 18, 2011 – TAG Oil Ltd. (TSX-V: TAO) and (OTCQX: TAOIF) reports that an independent assessment of reserves has been completed as of March 31, 2011 on TAG Oil’s 100%-owned Cheal Mining Permit (PMP 38156) and Sidewinder Exploration Permit (PEP 38748), located in the Taranaki Basin, New Zealand. Sproule International Limited, one of Canada�s largest petroleum engineering consulting companies prepared the report in accordance with definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook (COGE Handbook) and National Instrument 51-101, Standards of Disclosure for Oil and Gas…

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TAG Oil Announces Fifth Exploration Discovery: Sidewinder-4 Well Strikes Oil and Gas Charged Sandstones

Vancouver, B.C. May 6, 2011 – TAG Oil Ltd. (TSX-V: TAO) and (OTCQX: TAOIF) is very pleased to report that the Sidewinder-4 exploration well, located in TAG Oil’s 100%-controlled New Zealand Petroleum Exploration Permit 38748, has been confirmed as a light oil and gas discovery. Along with the three previous Sidewinder discoveries, it is TAG Oil’s fifth exploration success in the Taranaki Basin in the past six months.  The results from the Sidewinder-4 well indicate that the targeted oil-and-gas-charged Mt. Messenger Formation sandstones extend significantly to the east of the Sidewinder-1 discovery well. As noted previously…

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TAG Oil Begins Trading on OTCQX International in the United States

Vancouver, B.C., April 6, 2011 – TAG Oil Ltd. (TSX-V: TAO) and (OTCQX: TAOIF) is pleased to report the company’s common shares have been called to trade on the premier tier of the OTC market in the United States, the OTCQX International. The trading symbol is TAOIF. The OTCQX platform is a highly visible electronic quotation and trading venue in the United States where qualifying companies can enjoy the benefits of increased international exposure without becoming a reporting company with the Securities & Exchange Commission under U.S. securities laws. Trading on the OTCQX International…

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TAG’s Sidewinder-3 Exploration Well Strikes Light Oil & Gas in Taranaki Basin; the Company’s Fourth New Discovery in Five Months

Vancouver, B.C., April 5, 2011 – TAG Oil Ltd. (TSX-V: TAO) and (OTCQX: TAOIF) is pleased to report that the Sidewinder-3 exploration well is confirmed as a light oil and gas discovery, the third discovery made in TAG Oil’s 100%-controlled Petroleum Exploration Permit 38748 in the onshore Taranaki Basin, North Island, New Zealand, and the Company’s fourth new oil and gas discovery in five months.  The Sidewinder-3 exploration well was drilled to a total depth of 2160 meters (7087 feet), targeting a large anomaly identified on 3-D seismic, approximately 1.1 km to the south of the…

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TAG Announces its Third New Light Oil and Gas Discovery in Five Months, in New Zealand’s Taranaki Basin

Vancouver, B.C. – March 14, 2011 – Canadian listed TAG Oil Ltd. (TSX-V, Trading Symbol: TAO) is very pleased to report that the sidetracked Sidewinder-2 well is confirmed as a multi-zone, light oil and gas discovery, encountering 47 meters (154 feet) of high quality, oil-and-gas-bearing sandstones within the Mt. Messenger Formation. This discovery is located in TAG Oil’s 100%-controlled Petroleum Exploration Permit 38748, in the onshore Taranaki Basin, North Island, New Zealand, and is TAG’s third new light oil and gas discovery within the last five months.  The Sidewinder-2 sidetrack well was drilled…

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TAG Announces New Light Oil Discovery, Taranaki Basin, New Zealand

Vancouver, B.C. – March 3, 2011 – Canadian listed TAG Oil Ltd. (TSX-V, Trading Symbol: TAO) is very pleased to report that the Cheal-B4ST well is a multi-zone light oil discovery. The Cheal-B4ST well is located in TAG Oil’s 100%-controlled Petroleum Mining Permit 38156 (PMP 38156), in the Taranaki Basin, North Island New Zealand.  Cheal-B4ST was drilled to a total depth of 1810 meters (5937 feet), encountering 17 meters (55.7 feet) of net oil-bearing sandstones within the Urenui and Mt. Messenger Formations. Electric logs indicate four separate zones are likely to be…

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TAG Oil Reports Strong Third-Quarter Results and Operational Highlights

Vancouver B.C. – March 1, 2011 – TAG Oil Ltd., a New Zealand-focused oil production and exploration company listed on the TSX Venture Exchange in Canada (trading symbol “TAO“), is pleased to provide an operational update, and to advise that the Company has filed its third-quarter financial report for the period ended December 31, 2010. All figures are in Canadian dollars unless otherwise noted. TAG Oil Recent Highlights: Q3 production revenue of $3.85 million, up 60% over last quarter (nine months: $8.08 million up 71% from same period last year)…

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TAG Oil Begins Cheal Field Drilling: First of Several Wells Targets Production and Reserve Growth

Vancouver, B.C. – February 15, 2011 – Canadian listed, New Zealand oil and gas producer TAG Oil Ltd. (TSX-V: TAO), reports that the Company is now commencing an aggressive drilling campaign targeting the shallow formations at the 100%-controlled Cheal oil and gas field. The Cheal discoveries are located in the lightly explored Petroleum Mining Permit 38156 in the onshore Taranaki Basin, New Zealand. Following on from TAG’s initial multi-zone Cheal discoveries, which are currently producing light oil and gas from the main producing Mt. Messenger Formation (~1800m) as well as the…

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TAG Oil Grants Stock Options

Vancouver, B.C. – February 8, 2011 – TAG Oil Ltd. (TSX-V: TAO) reports that the Company has granted a total of 1,255,000 incentive stock options to certain directors, officers, employees and consultants pursuant to its incentive stock option plan. These options are exercisable until February 8, 2016, at a price of $7.15 subject to vesting over a period of eighteen months. Contact: Dan Brown or Garth Johnson TAG Oil Ltd., 1-604-682-6496 Website: https://tagoil.com/ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the…

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TAG Oil Begins Drilling Sidewinder-2: First in Series for New Discovery

Vancouver, B.C. – February 1, 2011 – Canadian listed, New Zealand oil and gas producer TAG Oil Ltd. (TSX-V: TAO), announced that the Sidewinder-2 well is scheduled to begin drilling operations on February 7, 2011. This is the first of several appraisal and exploration wells to be drilled in the 7910-acre (12 section), 100% TAG-controlled Petroleum Exploration Permit 38748 (“PEP 38748”) in New Zealand’s Taranaki Basin. Following the success of the gas-rich Sidewinder-1 discovery, the Sidewinder-2 and 3 wells will be drilled to a depth of approximately 2400 meters, targeting…

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