TAG Oil Begins Operations on the Miromiro Project

TAG Oil reports that construction is now underway on the Miromiro-1 wellsite onshore Taranaki, New Zealand, which is operated by TAP (New Zealand) Pty Ltd. and in which TAG holds a 10% interest. The second well in the Company's multi-well shallow program is scheduled to commence drilling the third week of October.

TAG Oil President and CEO Drew Cadenhead commented, "Miromiro-1 is a 3-D seismically defined multi-zone prospect on trend with a number of past and recent similar discoveries in onshore Taranaki." The well is scheduled to take approximately 14 days to reach total depth.