With the Cheal-B7 well, TAG is currently producing more than 4,000 BOE's per day with light oil contributing approximately 70% to that daily production figure.

TAG Oil releases year-end March 31, 2011 operating highlights including a 100% increase in production revenue.

TAG Oil Ltd., (TSX-V: TAO) a Canadian-listed, New Zealand-focused oil production and exploration company, has filed its second quarter financial report for the period ended September 30, 2010.

Sidewinder-1 encountered 14 meters of net (22m gross) oil and gas bearing sandstones. Stabilized flow rates totaling 1461 barrels of oil equivalent ("BOE") per day were achieved over the 10-day test.

The Sidewinder-1 well in New Zealand's Taranaki Basin was drilled to a total depth of 1,601m, and encountered oil-bearing sandstones that indicate excellent reservoir qualities, with average porosities of 22.5% and oil saturations of 60%.

TAG Oil Ltd. (TSX-V: TAO), reports that the Company has acquired 100%-interest in Petroleum Mining Permit 38156-D, which contains the Cardiff gas/condensate discoveries located onshore in the Taranaki Basin, New Zealand.

TAG Oil Ltd. is beginning exploratory and horizontal development drilling to build oil and gas revenue in Taranaki, where it has already established high netback oil production from its Cheal Production Facility.

Vancouver, B.C. - July 29, 2010 - TAG Oil Ltd., (TSX-V, trading symbol: "TAO") a Canadian-based production and exploration company with operations in New Zealand, reported financial results and operating highlights today.

New Zealand oil and gas producer TAG Oil Ltd. (TSX-V: TAO) is pleased to announce its financial results and the completion of several strategic acquisitions.