TAG Oil Ltd (TAOIF)

[DANA1]

August could also bring exciting & good news.

YE Financials & Management Report to shareholders are due in the next few days. This should give us a much clearer picture of what the next 12 months hold.

Q1 (April - June) will be out by the end of August 2011 with production running at about 1,000 BOPD.

We are still waiting on flow rates from the remaining 4 zones of Sidewinder 2 & on Cheal C1, especially the Moki Formation.

Hopefully the Sidewinder production station will be complete and producing in August, but more than likely September.

The Cheal Production station upgrades are supposed to be done by September as well, so increased production should kick in some time in September.

The September drill program (Sidewinder 5-8) will probably bring on a lot more gas but very little oil. Hopefully the East Coast basin in November will bring on more oil.

From now until the end of the year should be very positive and hopefully we will finally hit the double digit stock price the analysts are predicting.