TAG Oil Ltd. announces that unconventional oil and gas specialists Stephen L. Dutnell, P.E. and David B. Cornue P.G., C.H.M.M., have joined the Company's operational team on a long-term contract basis. Mr. Dutnell and Mr. Cornue will be based in TAG's newly established operational base in the city of Napier on the East Coast of New Zealand's North Island.
TAG is pursuing the major unconventional resource potential that has been demonstrated by TAG's extensive geotechnical studies and the results of the Ngapaeruru-1 well, drilled in spring, which intersected 155 meters of unconventional oil-and-gas pay in the source rock. The addition of Mr. Dutnell and Mr. Cornue to the Company's operational team, and TAG's newly established East Coast office, will facilitate TAG's expanding operational plans and drilling activity, with a goal of establishing the East Coast Basin's first unconventional oil and gas production.