TAG Oil Ltd (TAOIF)

[DANA1]

Some very much needed and welcome news for this stock.

1700 BOPD of OIL is probably about 1,300 more than the market was expecting based on past Cheal drill results. This bodes very well for B6 & B7 which are the next drill targets. Also assuming that they can get drilling without any appeal on the most recent decision.

Hopefully Cheal A8, Cheal C1 & C2 flow rates are solid as well. Any kind of good news regarding flow rates will put TAG well over 3000 BOPD of just oil production. This does not take into account any gains from the 4 wells currently being worked over in the A field.

Starting to feel a little better about this stock but sure wish the price would get back to where it belongs.

Cheers.