TAG Oil Ltd (TAOIF)

[DANA1]

Tough Markets

Despite a real tough market this week, with nothing but bad news, and no news from TAG to offset this, it is good to see the stock still above $7.

It was only a month ago we were lamenting the fact the stock had dropped below $6, so all in all life is not that bad.

Somewhat surprised that TAG has not filed the June 30th financials & management report. The financials are not likely going to show much, however, the management report should contain signficant information for shareholders relating to the Sidewinder production facility and the East Coast deal with Apache and possibly some information on the 4 vertical shallow wells they are retaining exclusive interest in. They must be commercially viable or TAG would have rolled them into the agreement with Apache.

Does anyone know if the September drilling program is underway ??

Would be good to get a sense as to when they start so we can project when news will follow. I heard they might have lined up 2 drill rigs but not sure if this is accurate or not.