TAG Oil News

2011 News

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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TAG Oil Announces Cheal Horizontal Well Success and Commercialization of Sidewinder Oil and Gas Discovery

Vancouver, B.C. – January 6, 2011 – Canadian listed, New Zealand oil and gas producer TAG Oil Ltd. (TSX-V: TAO) reported today that ongoing production testing of the 100%-controlled Cheal-BH-1 horizontal well in the Taranaki Basin of New Zealand continues with positive results. To date, a conservative range of low draw-down configurations has been tested, with associated production rates ranging from 400 to 500 barrels of oil equivalent (BOE) per day (predominantly oil) with no water. In coming months, TAG will further test the full production capabilities of the Cheal-BH-1…

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