TAG Oil Ltd (TAOIF)

[DANA1]

Corporate Presentation - AGM Dec 8/11

Had a good read of this and can only wonder why more people haven't grabbed onto this stock.

The presentation confirms the following:

1. All Sidewinder wells in production by Dec 15/11 (pg 9)
2. Cheal C2 (2333 IP boepd)to be in full production by Mar 2012 (pg 12)

Drilling Plans: (Taranaki Basin)

18 wells @ Cheal (pg 4)- Cheal B6 to Spud Dec 16 (tomorrow)
Cheal B6, B1 & B2 to be in production by Mar 2012 (pg 12)

10 wells at Sidewinder (drilling to start Q1 2012 (pg 9) not sure if they meant January 2012 as previous announcements have indicated they will drill Sidewinder 5 & 6 with the new drill rig secured and arriving in January 2012.

Drill Cardiff Deep Prospect (pg 4)

Deep Gas Hellfire drill to take place Q3-4 2012 (pg 4,9)

East Coast Basin

4 wells with drilling to commence April 2012
Vague references to drill 20 shallow wells at Waitangi Hill (50-150 BOPD). As I read it, this would be a TAG project alone as Apache is not sharing in these costs.

Current product sits at approx 4000 BOPD with an exit rate for 2011 of 5000 BOPD (60/40 oil/gas) (pg 3)

There is much more in here, but a great read and when you start doing the math ... WOW !!!! Even without the East Coast this is a winner.

GLTA for 2012 - The Stock Price will trend upwards as production and drilling unfold.