Strong Flow Test Results for TAG Oil’s Sidewinder-4 Well,
Sidewinder-2 Flow Testing Underway
Vancouver, B.C. – June 9, 2011 –TAG Oil Ltd. (TSX-V: TAO) and (OTCQX: TAOIF) is pleased to
report the initial flow testing of the Sidewinder-4 discovery well, the third of four Sidewinder wells to
be tested, is now complete. The Sidewinder oil and gas discovery is located in TAG Oil's Petroleum
Exploration Permit 38748 in the Taranaki Basin, New Zealand.
The Sidewinder-4 exploration well was drilled to a depth of 1,410 meters (4,626 feet), targeting a fault-
bounded 3-D anomaly identified in the Mt. Messenger Formation. The well was drilled down-dip of
Sidewinder-3 and encountered 19 meters of net oil-and-gas-charged sandstones, with no water column
evident. A 4-Point Isochronal test achieved stabilized flow rates of 6.98 million cubic feet per day (~1163
BOE per day) with a 25% drawdown. These results are consistent with the other Sidewinder oil and gas
discovery wells tested to date, as summarized below:
Sidewinder Discovery Flow Test Results
Flow testing of the Sidewinder-2 discovery is currently underway. This well encountered the largest net
pay of all Sidewinder wells to date, with 47 meters of oil-and-gas bearing sandstones. Five separate
zones will be tested, including new zones both above and below the primary Sidewinder discovery zone.
For more information on TAG Oil’s Taranaki Basin operations in New Zealand please visit: http://
www.tagoil.com/taranaki-basin.asp.
TAG Oil Ltd.
TAG Oil Ltd. (http://www.tagoil.com/) is a Canadian-based production and exploration company with
operations focused exclusively in New Zealand. With 100% control over all its core assets, including oil
and gas production infrastructure, TAG is anticipating substantial oil and gas production and reserve
growth through development of several light oil and gas discoveries. TAG is also actively drilling high-
impact exploration prospects identified across 2,712 sections of land in the onshore Taranaki and East
Coast Basins of New Zealand's North Island.
In the East Coast Basin, TAG Oil is pursuing the significant unconventional resource potential estimated
in the fractured shale source-rock formations that are widespread over the Company's acreage. These
oil-rich, naturally fractured and thermally mature source-rock formations have many similarities to North
America's Bakken Shale source-rock formation in the successful Williston Basin.
Contact:
Dan Brown or Garth Johnson, TAG Oil Ltd. 1-604-682-6496
Website: http://www.tagoil.com/
"BOE"s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6Mcf: 1 Bbl is
based on an energy equivalency conversion method primarily applicable at the burner tip and does not
represent a value equivalency at the wellhead.
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 Oil. All estimates and statements
that describe the Company's objectives, goals, or future plans, including the drilling plans and flow testing
related to the exploration, testing and development of TAG Oil's Sidewinder-1, Sidewinder-2, Sidewinder-
3 and Sidewinder-4 light oil and gas discoveries in the Taranaki Basin of New Zealand 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,
production, marketing and transportation, volatility of commodity prices, imprecision of reserve estimates,
environmental risks, competition from other producers, and changes in the regulatory and taxation
environment. These forward-looking statements are based on certain factors and assumptions.
Consequently, the Company's actual results may vary materially from the information provided in this
release and there is no representation by TAG Oil that actual results realized in the future would be the
same in whole or in part as those presented herein.
Additional risk factors and uncertainties that could cause actual results to differ from those contained in
the forward-looking statements are set forth in, but are not limited to, filings that the Company and its
independent evaluator have made, including the Company's Annual Information Form and its most recent
reports in Canada under National Instrument 51-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.