TAG Oil Ltd. is pleased to report the most extensive pay interval ever recorded by a Cheal oil well. The Cheal-B5 discovery well is naturally flowing at an average rate of 1,870 barrels of oil equivalent per day.

Flow testing on TAG Oil's Sidewinder-4 well achieved stabilized flow rates of 6.98 million cubic feet of gas per day. Flow testing of Sidewinder-2, the largest net pay of all Sidewinder wells to date, is currently underway.

TAG Oil Ltd. (TSX-V: TAO) and (OTCQX: TAOIF) reports that the Sidewinder-3 exploration well is confirmed as a light oil and gas discovery, and will immediately proceed to drill the Sidewinder-4 exploration well.