Business
TAG Oil Announces Cancellation of Share Options
VANCOUVER, BC / ACCESSWIRE / March 11, 2016 / TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) annou...
About this update from Tag Oil Ltd
[{"type":"text","content":"TAG Oil Announces Cancellation of Share OptionsVANCOUVER, BC / ACCESSWIRE / March 11, 2016 / TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) announces that it has cancelled 1,155,000 share options, which were previously granted to insiders of the Company, by mutual agreement between the Company and each of the optionees. The share options were originally granted between July, 2011, and December, 2013, and were exercisable at prices ranging from $5.00 to $7.00 for a period of five years from the date of grant. \n\nTAG Oil Ltd.\n\nTAG Oil Ltd. (http://www.tagoil.com/) is a development-stage Australasian focused oil and gas production and exploration company with extensive operations and production infrastructure in the Taranaki Basin region of New Zealand. As one of New Zealand's leading operators, TAG is positioned for reserve-based growth with high impact exploration upside in the lightly explored Taranaki discovery fairway. As a low cost, high netback oil and gas producer, TAG is debt-free and reinvests its cash flow into development opportunities and exploration drilling along trend with the Company's existing production.\nFor further information:\n\nAshley Garnot, General Manager\nPhone: 1-604-682-6496\nEmail: [email protected] \nWebsite: http://www.tagoil.com/ \nBlog: http://www.tagoil.com/media-center/tag-oil-blog/ \nCautionary Note Regarding Forward-Looking Statements: \nStatements 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 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 chan...