VANCOUVER, Sept. 10 /PRNewswire-FirstCall/ -- TAG Oil Ltd. (TSX-V: TAO) reports that the Company has granted a total of 650,000 stock options to certain directors, officers, employee's and consultants pursuant to its incentive stock option plan. These new options are exercisable at a price of $2.60 per share until September 9, 2015 and will vest over a period of eighteen months.
TAG Oil Ltd.
TAG Oil Ltd. is a Canadian-based company with international operations in New Zealand. The Company holds a drill-ready prospect inventory that covers more than 3,500 sections of land in the Taranaki and East Coast basins, including a 100% interest in the producing Cheal oil and gas discoveries now under appraisal and development.
In the East Coast Basin, TAG is planning a drilling campaign to further investigate the major unconventional resource potential that has been demonstrated in the Waipawa and Whangai fractured shale source-rock formations that are widespread across the Company's acreage. The geological characteristics of these formations compare favorably to oil-rich shale formations such as the Bakken Shale in the Williston Basin and Liassic Shale in the Paris Basin.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TAG Oil Ltd.
CONTACT: Dan Brown or Garth Johnson, TAG Oil Ltd., 1-604-682-6496,
Website: http://www.tagoil.com/
