Tag Oil Ltd.

Transaction Type
Sellers
Post Date
Estimated Price
MM
Description

Tag Oil Ltd., Vancouver, (Toronto Venture: TAO; OTCBB: TAGOF) is seeking strategic alternatives for its New Zealand operations including an asset sale, mergers or farm-out. Tag's New Zealand assets primarily consist of a 30.5% interest in Cheal oil field and other interests. Production from the Cheal assets is 850 barrels of oil per day and is projected to increase to between 1,200 and 1,500 barrels per day in 2008. Proved and probable reserves from Cheal is 2.6 million barrels. Contact Garth Johnson, 604-609-3350.