TAG Confirms New Oil and Gas Discoveries in Taranaki Basin Exploration Wells
Summary
TAG is also actively drilling high-impact exploration prospects identified across more than 2,600 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.Messenger sands are interpreted to be widespread in the Sidewinder permit area and will be a primary target in future exploration wells.TAG will proceed to commercialize oil production from the lower Mt.Messenger zone and will acquire artificial lifting equipment that will best suit the overall Sidewinder exploration and development strategy.Also of interest in Sidewinder-2 is the gas discovered in the shallow Urenui Formation (~1400m).Consequently, the Companys 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.Additional risk factors and uncertainties 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 Annual Information Form and its most recent reports in Canada under National Instrument 51-101.### 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