TAG Oil Announces Fifth Exploration Discovery: Sidewinder-4 Well Strikes Oil and Gas Charged Sandstones
Summary
TAG is also actively drilling high-impact exploration prospects identified across 2,712 sections of land in the onshore Taranaki and East Coast Basins of New Zealands North Island.In the East Coast Basin, TAG Oil is pursuing the significant unconventional resource potential estimated in the fractured shale source-rock formations that are widespread over the Companys acreage.Along with the three previous Sidewinder discoveries, it is TAG Oils 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.Furthermore, the entire permit remains lightly explored and prospective for further oil and gas discoveries, with numerous drill-ready prospects.The Sidewinder-4 well, which was sidetracked to a location down-dip of Sidewinder-3, targeted a fault-bounded 3-D anomaly, which intercepted a gross 29 meter-thick (95 feet) sandstone reservoir.Actual results may vary materially from the information provided in this release and there is no representation by TAG Oil that actual results realized in the future would be the same in whole or in part as those presented herein.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 51-101.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