TAG Acquires Remaining Key Acreage Covering Kawakawa Oil Shale Prospect in New Zealands East Coast Basin
Summary
TAG plans to complete additional geological and geochemical mapping over the area before adding Kawakawa-1 to the Company’s multi-well East Coast drilling campaign that includes Boar Hill-1 and Waitangi Hill-1, all targeting the shale formations.Combined with TAG’s growing production operations, development activities and lower risk exploration opportunities in the proven Taranaki Basin, this East Coast acreage further solidifies TAG’s longer term upside in this under-explored country,” Mr. Johnson further commented.The Company holds an extensive drill ready, lower risk, prospect inventory in the Taranaki Basin, including a 100% interest in the Cheal oil and gas discovery now under appraisal and development.The Company holds an extensive drill ready, lower risk, prospect inventory in the Taranaki Basin, including a 100% interest in the Cheal oil and gas discovery now under appraisal and development.Factors that could cause actual results to differ from those contained in the forward-looking statements are set forth in, but are not limited to, filings that the Company and its independent evaluator have made, including the Companys most recent reports in Canada under National Instrument 51-102.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.### Contact Information TAG Oil Ltd. Dan Brown 1-604-682-6496 www.tagoil.com Click here to view the list of recent Press Releases from TAG Oil Ltd. Promote Your Business Press Release Pricing Email this page to a friend