TAG Oil Grants Stock Options
10 Setembro 2010 - 6:35PM
PR Newswire (US)
VANCOUVER, Sept. 10 /PRNewswire-FirstCall/ - TAG Oil Ltd.
(TSX-V: TAO) reports that the Company has granted a total of
650,000 stock options to certain directors, officers, employee's
and consultants pursuant to its incentive stock option plan. These
new options are exercisable at a price of $2.60 per share until September 9, 2015 and will vest over a period of
eighteen months.
TAG Oil Ltd.
TAG Oil Ltd. is a Canadian-based company with international
operations in New Zealand. The
Company holds a drill-ready prospect inventory that covers more
than 3,500 sections of land in the Taranaki and East Coast basins,
including a 100% interest in the producing Cheal oil and gas
discoveries now under appraisal and development.
In the East Coast Basin, TAG is planning a drilling campaign to
further investigate the major unconventional resource potential
that has been demonstrated in the Waipawa and Whangai fractured
shale source-rock formations that are widespread across the
Company's acreage. The geological characteristics of these
formations compare favorably to oil-rich shale formations such as
the Bakken Shale in the Williston Basin and Liassic Shale in the
Paris Basin.
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.
SOURCE TAG Oil Ltd.
Copyright . 10 PR Newswire
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