TAG Oil Ltd (TAOIF)

[DANA1]

Another somewhat lame announcement.

It is great the facility is up and running but the flow rates posted are too vague as they don't identify which wells are connected and how long the flow rates are for.

When you say you are producing between 6 & 12 million ft per day that is a big difference and the market is going to lean towards the bottom number when projecting value.

This announcement could be seen as negative in the market as the wells might not be seen to be able to producing what was originally thought. IMO.

What we really need now is some positive drill results. They have been drilling for over a month now and should have completed Cheal C2 & quite possibly Cheal A8 or A9.

Hopefully by the time we get June 30th financials (end of Nov), we will have a management update on flow rates with all 4 wells connected.