TAG Oil Announces New Zealand Petroleum and Minerals Approval

TAG Oil Ltd. is pleased to announce that final approval has been received from New Zealand Petroleum and Minerals for the sale and transfer of TAG’s operatorship to Tamarind Resources Pte. Ltd (“Tamarind”) of its New Zealand operations.

TAG and Tamarind are working diligently to close the transaction within approximately the next 30 days.

Additional information about the transaction can be found in the management information circular dated November 30, 2018, which is filed under TAG’s SEDAR profile at www.sedar.com.

About TAG Oil Ltd.

TAG Oil Ltd. (http://www.tagoil.com/) is an international oil and gas explorer with established high netback production, development and exploration assets, including production infrastructure in New Zealand and Australia. TAG Oil currently has 85,239,252 shares outstanding.

For further information:

Chris Beltgens, Vice President, Corporate Development
Phone: 1 604 682 6496
Email: info@tagoil.com
Website: http://www.tagoil.com/
Blog: www.tagoil.com/media-center/tag-oil-blog/ 

Cautionary Note Regarding Forward-Looking Statements and Disclaimer