TAG Oil Announces Addition to its Board of Directors

VANCOUVER, May 15, 2018 /CNW/ - International exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF), is pleased to announce the appointment of Mr. Peter Loretto to its Board of Directors.

Mr. Loretto obtained an MBA from Gonzaga University in 1984 and has over 30 years of extensive investment banking and public company experience by working as an independent businessman and investor both in the U.S. and Canada. Mr. Loretto has been involved with funding and developing numerous companies in the resource and technology sector, including several successful oil and gas exploration and development stage companies. Mr. Loretto has also served as an executive and director for various companies, including Trans-Orient Petroleum Ltd. Currently, Mr. Loretto beneficially owns, or controls, 3,635,872 common shares, 500,000 warrants and 475,000 options of TAG Oil.

About TAG Oil Ltd.

TAG Oil (http://www.tagoil.com/) is an international oil and gas explorer with established high netback production, development and exploration assets, including production infrastructure in New Zealand and Australia. TAG Oil is poised for significant reserve and production growth with several oil and gas fields under development and high-impact exploration in proven oil and gas fairways. TAG Oil currently has 85,282,252 shares outstanding. 

Cautionary Note Regarding Forward-Looking Statements and Disclaimer

Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of TAG Oil. Such statements can generally, but not always, be identified by words such as "expects", "plans", "anticipates", "intends", "estimates", "forecasts", "schedules", "prepares", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. All estimates and statements that describe TAG Oil's plans relating to operations are forward-looking statements under applicable securities laws and necessarily involve risks and uncertainties. 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 will 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 Oil and its independent evaluator have made, including TAG Oil's most recently filed quarterly financial reports, AIFs and reports in Canada under National Instrument 51-101, which can be found under TAG Oil's SEDAR profile at www.sedar.com. TAG Oil 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.

Chris Beltgens, Vice President, Corporate Development, Phone: [phone], Email: [email protected], Website: http://www.tagoil.com/, Blog: www.tagoil.com/media-center/tag-oil-blog/

Related Links

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