TAG Oil Ltd., Vancouver, BC, along with certain subsidiaries in New Zealand, has agreed to sell substantially all its Taranaki basin assets and operations in New Zealand to Tamarind Resources Pte. Ltd., Kuala Lumpur, and certain subsidiaries. The sale would include TAG’s 100% working interests in PMP 38156 (Cheal and Cardiff), PMP 53803 (Sidewinder), PMP 60454 (Supplejack), PEP 51153 (Puka), PEP 57065 (Waitoriki), and TAG’s 70% interest in PMP 60291 (Cheal East) and PEP 54877 (Cheal East).

Source: News