Tuesday, January 31, 2017

TAG Oil Expands Oil & Gas Operations into Australia


VANCOUVER, Jan. 31, 2017, TAOIF, /CNW/ International oil and gas production company TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce that the Company s wholly owned Australian subsidiary, Cypress Petroleum Pty Ltd. ( Cypress ), has closed the purchase of 100% interest in Petroleum Lease 17 ( PL 17 ) from privately held Southern Cross Petroleum & Exploration Pty Ltd. ( Southern Cross ). PL 17 is an oil and gas production permit and high-value exploration acquisition that covers 104 km2 (25,700
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