Business News1888 Press Release • TAG Reports Substantial Year-End Reserve Increase to its Taranaki Basin Oil and Gas Fields

TAG Reports Substantial Year-End Reserve Increase to its Taranaki Basin Oil and Gas Fields

TAG Reports Substantial Year-End Reserve Increase to its Taranaki Basin Oil and Gas Fields

Due to the timing of operations occurring after March 31, 2011, the Sidewinder reserve assessment was completed with information related only to the Sidewinder-1 well and does not include the now-completed Sidewinder-2, 3 and 4 wells. After considering production during the 2011 fiscal year, the 1,677,000 BOE in proved and probable reserves represents a 221% increase.

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TAG Reports Substantial Year-End Reserve Increase to its Taranaki Basin Oil and Gas Fields
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