VANCOUVER, June 16, 2015 /CNW/ - 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.
For further information: Ashley Garnot, General Manager, Phone: 1-604-682-6496, Email: firstname.lastname@example.org, Website: http://www.tagoil.com/, Blog: http://blog.tagoil.com/