Le Lézard
Classified in: Oil industry, Covid-19 virus
Subject: ACC

TAG Oil Provides Corporate Update


VANCOUVER, BC, July 16, 2020 /CNW/ - TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) is pleased to provide the following corporate update:

Toby Pierce, TAG Oil's CEO commented, "We are pleased that our team has successfully navigated through the challenges posed by COVID-19 thus far from a health and safety perspective. However, as the world adapts to working remotely and quarantines, COVID-19 has created some corporate and commercial difficulties, including the delay of our year-end audit and associated filings. We continue to focus on maximizing shareholder value and, with over $0.17 a share of working capital, we are pursuing several options to benefit all shareholders."

About TAG Oil Ltd.

TAG Oil Ltd. (http://www.tagoil.com/) is a Canadian based international oil and gas explorer with exploration and production assets in Australia and royalty interests in New Zealand.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws, including statements with regard to the expected date of the filing of the Company's Annual Financial Statements and MD&A, and receiving royalty and milestone payments. These statements address future events and conditions and are reliant on assumptions made by the Company's management, and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.

SOURCE TAG Oil Ltd.


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News published on 16 july 2020 at 09:00 and distributed by: