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Monday, April 2, 2012

Flow Testing Confirms Urenui Oil Discovery and Additional Oil Play at TAG's Cheal Field

VANCOUVER, April 2, 2012 /PRNewswire/ - TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce that the recently drilled Cheal-B6, Cheal-A9 and Cheal-A10 wells confirm a commercial oil discovery within the Urenui Formation at a depth of approximately 1400 meters. Strong initial flow test results were achieved, with each individual well having the capability to initially produce approximately 200 barrels of light oil per day, plus associated gas from high-quality reservoir sands. Permit...continued
    

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