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TAG Oil Announces Overseas Investment Office Approval
TAG Oil Announces Overseas Investment Office Approval Canada NewsWire VANCOUVER,...
About this update from Tag Oil Ltd
[{"type":"text","content":"\n\n\n\nTAG Oil Announces Overseas Investment Office Approval\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 5, 2019\n\n\n\nVANCOUVER, March 5, 2019 /CNW/ - International oil and gas explorer, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce that Tamarind Resources Pte. Ltd. (\"Tamarind\") has received approval from the New Zealand Overseas Investment Office in relation to the purchase of TAG's New Zealand assets.\nMore specifically, consent has been granted under New Zealand's Overseas Investment Act 2005 for the transfer of ownership of TAG's Taranaki Basin assets to Tamarind NZ Onshore Limited, a wholly-owned subsidiary of Tamarind. \nClosing of the transaction is subject to the final pending approval from New Zealand Petroleum and Minerals for the transfer of operatorship to Tamarind. Additional information about the transaction can be found in the management information circular dated November 30, 2018, which is filed under TAG's SEDAR profile at www.sedar.com. \nAbout TAG Oil Ltd. \nTAG Oil Ltd. (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 currently has 85,282,252 shares outstanding. \nCautionary Note Regarding Forward-Looking Statements and Disclaimer\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 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 the Company's plans relating to operations are forward-looking statements under applicable securities laws and necessarily involve risks and uncertainties...