TAG Oil Ltd (TAOIF)

[DANA1]

Nice close today - $6.74

Not a large volume though.

Wonder if this is in anticipation of something coming out this week ? We must be getting close to some updated flow rates on Sidewinder 2 (other 4 zones to be tested) as the first announcement was made June 23 & it is now July 18.

Also looking forward to flow rates from Cheal C1 (Cardiff). Might not happen until August if they are still testing Sidewinder 2.

We are also less than 2 weeks away (July 31) from YE Financial reporting for March 31, 2011 & the management report to shareholders for 2012. Should be a very interesting report and forcast for 2012. With all the increased production from Sidewinder & Cheal to happen by Sept 2011, cash flow should be very strong for the balance of 2011/12 & beyond.

The new drilling program starting in September 2011 should also create some buzz and excitement (Sidewinder 5-8, Cheal C2 & Cheal B5)& East Coast in November 2011.