TAG Announces its Third New Light Oil and Gas Discovery in Five Months

TAG Oil Ltd. (TSXV:TAO) announced it has made another oil and gas discovery, this one in the Taranaki Basin, North Island, New Zealand.

The press release is quoted as saying:

While this well has intersected and extended the area of the main Sidewinder-1 discovery zone, Sidewinder-2 has also encountered an additional five separate oil-and-gas-charged pay zones, both above and below the primary target.

To read the full press release, click here.