TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report that TAG's 100%-controlled Ngapaeruru-1 exploration well is drilling ahead, and has encountered elevated mud gas readings at a depth of 800 to 977 meters.
Read MoreTAG Oil announces that drilling of the Ngapaeruru-1 exploration well in New Zealand's East Coast Basin is now underway, targeting high-quality Waipawa Black Shale and Whangai source rock formations.
Read MoreTAG Oil's 1Q2013 interim financial statements have been filed and indicate increases in production revenue and operating cash flow. For additional information please visit TAG Oil's website athttp://www.tagoil.com/.
Read MoreWith the Cheal-B7 well, TAG is currently producing more than 4,000 BOE's per day with light oil contributing approximately 70% to that daily production figure.
Read MoreTAG Oil advises the Taranaki Daily News article entitled "Drilling opposition puts 42 out of work is inaccurate. Production has not stopped at Cheal or at Sidewinder. All other Taranaki operations at both oil and gas fields continue uninterrupted.
Read MoreAfter considering production during the 2011 fiscal year, the 1,677,000 BOE in proved and probable reserves represents a 221% increase over the March 31, 2010 year-end independent reserve assessment.
Read MoreThe Sidewinder-1 well in New Zealand's Taranaki Basin was drilled to a total depth of 1,601m, and encountered oil-bearing sandstones that indicate excellent reservoir qualities, with average porosities of 22.5% and oil saturations of 60%.
Read MoreVancouver, B.C. - July 29, 2010 - TAG Oil Ltd., (TSX-V, trading symbol: "TAO") a Canadian-based production and exploration company with operations in New Zealand, reported financial results and operating highlights today.
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