TAG Announces Production And Operations Update And Granted Taranaki Exploration Acreage

TAG Oil Ltd. (TSX:TAO OTCQX:TAOIF), has announced that New Zealand Petroleum and Minerals has awarded TAG Oil Ltd. four onshore exploration blocks offered in New Zealand’s 2012 Block Offer.

Highlights from press release:

• 37,253 additional gross acres in the main Taranaki oil and gas discovery fairway;
• Extensive TAG controlled proprietary 3D seismic coverage over three of the four new permits;
• PEP’s 54876, 54877, and 54879 initially add at least 10 shallow, low-risk drilling prospects plus numerous leads identified on 3D seismic in close proximity to the producing Cheal oil field