VANCOUVER, June 16, 2015 /PRNewswire/ - TAG Oil Ltd. (TSX:
TAO) and (OTCQX: TAOIF), is pleased to announce that Mr.
Henrik Lundin will join the Board of
Directors of the Company, effective immediately.
Mr. Lundin is an experienced oil and gas engineer who holds a
B.Sc. Petroleum Engineering degree from the Colorado School of Mines in Colorado, USA. Mr. Lundin's career as a
reservoir engineer has developed through his experience in onshore
fields located in Syria and
France, as well as offshore fields
located in Norway and Tunisia. Mr. Lundin's career path has taken
him from acting as a Petroleum/Thermal Engineer for Tanganyika Oil
Company Ltd., to rapidly excelling from the position as a Reservoir
Engineer to his current position as a Senior Reservoir Engineer for
the industry leading Lundin Petroleum AB, with a focus on the
Brynhild and Johan Sverdrup fields in Norway.
TAG Oil Chairman, Alex Guidi
commented: "It is very exciting to have Henrik join TAG Oil as a
director during this transformative period for the Company. He is a
proven team member and leader through his considerable global
experience as a reservoir engineer, and possesses a strong
understanding of the technical and business side of the oil and gas
industry that will serve to greatly enhance the qualities of TAG's
Board."
TAG's Board now consists of Alex
Guidi, Toby Pierce,
Keith Hill, Ken Vidalin, Brad
Holland and Henrik
Lundin.
TAG Oil Ltd.
TAG Oil Ltd. (http://www.tagoil.com/) is a Canadian based,
development stage, oil and gas company with extensive
operations—including production infrastructure—in the Taranaki
region of New Zealand. As one of
New Zealand's leading operators,
TAG is poised for long-term, reserve-based growth, and is
positioned with attractive exploration activities in the lightly
explored Taranaki Basin discovery fairway, and oil shale prospects
on the East Coast. As a low cost, high netback oil and gas
producer, TAG is debt-free and reinvests its cash flow into
development and step-out drilling along trend with the Company's
existing production.
Cautionary Note Regarding Forward-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. Such
statements can be generally, but not always, be identified by words
such as "expects", "plans", "anticipates", "intends", "estimates",
"forecasts", "guidance", "schedules", "prepares", "potential" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur. All estimates and statements with
respect to the Board appointment and operations 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
and production, geological risks, marketing and transportation,
availability of adequate funding, volatility of commodity prices,
environmental risks, competition from other producers, and changes
in the regulatory and taxation environment. Actual results may vary
materially from the information provided in this release, and there
is no representation by TAG Oil that the actual results realized in
the future would be the same in whole or in part as those presented
herein.
Other factors that could cause actual results to differ from
those contained in the forward-looking statements are also set
forth in filings that TAG and its independent evaluator have made,
including TAG's most recently filed reports in Canada under NI 51-101, which can be found
under TAG's SEDAR profile at www.sedar.com. TAG undertakes no
obligation, except as otherwise required by law, to update these
forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors change.
SOURCE TAG Oil Ltd.