TAG Oil Ltd (TAOIF)

[DANA1]

Much Improved Credibility

What a difference 48 hours makes. To move from the Venture exchange to the TSX Main Board and to add a high profile director who is known in the industry = Improved Credibility.

Whats to follow ?

I believe we will see a positive earnings report for March 31/11 Year End and a very bullish management report for the upcoming year.

This is likely why we haven't heard anything from the East Coast as they were probably saving it for the Big Board.

Is it also possible that management has been holding back on Cheal Horizontal ? We have never been advised as to what changes to flow rates resulted from the additional 225 meters of perforation that took place earlier this year. The Cormack report also indicates that Cheal B5 will be drilled sometime before the end of 2011.

Cheal C1 flow rates should be out soon, so it will be interesting to see if these results, when announced, will have a more positive impact on the share price. Drilling of Cheal C2 can't be too far in the near future.

Exciting times ahead, especially seeing they should be coming into production on the Sidewinder field and the new drilling campaign (Sept 2011) is only 60 days away.