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TAG's Cheal-C1, Cheal-C2 And Cheal-A8 Flow Testing Confirm Significant Oil And Gas Discoveries

Cautionary Note Regarding Forw ard-Looking Statements Statements contained in this news release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of TAG Oil. All estimates and statements that describe Cheal-B5, Cheal-C1, Cheal-C2 and Cheal-A8 as well as daily production at Cheal or TAG's objectives, goals, or future plans, including the drilling, completion and flow testing plans related to the Company's ten well program at Cheal and Sidewinder located in the Taranaki Basin of New Zealand, are forward-looking statements under applicable securities laws and necessarily involve risks and uncertainties including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, volatility of commodity prices, imprecision of reserve estimates, environmental risks, competition from other producers, and changes in the regulatory and taxation environment. These forward-looking statements are based on certain factors and assumptions. Consequently, the Company's actual results may vary materially from the information provided in this release and there is no representation by TAG Oil that actual results realized in the future would be the same in whole or in part as those presented herein.

Additional risk factors and uncertainties that could cause actual results to differ from those contained in the forward-looking statements are set forth in, but are not limited to, filings that the Company and its independent evaluator have made, including the Company's Annual Information Form and its most recent reports in Canada under National Instrument 51-101.

SOURCE TAG Oil Ltd.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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