TAG Oil Ltd. says that Mr. Alex Guidi - the Company's Chairman and founder - has been appointed interim Chief Executive Officer.

Mr. Guidi commented: 'As an established oil producer and reserve-based, high-impact exploration company, TAG is poised for future growth internationally. The Company enjoys the benefits of a diverse suite of attractive drill-ready opportunities situated in the prolific Taranaki-region discovery trend, underpinned by high netback production and core oil field development, which has been substantially de-risked over the past four years.

My mandate as interim CEO is to capitalize on TAG's strong position, with a view to drive shareholder value, while at the same time, ensure that the capital markets better understand TAG's deep value relative to its peer group companies. Personally, I'm excited by the many corporate and operational opportunities this presents, and look forward - with the help of our excellent corporate and operating teams in both Canada and New Zealand - to take TAG through the next stage of corporate growth.'

Tags: TAG Oil Ltd.