Investorideas.com energy stock news

Monday, February 14, 2011

Oil and Gas Stocks; Aroway Energy Inc. Executes Option on Additional 29 Sections

CALGARY, ALBERTA - February 14, 2011 (Investorideas.com energy stocks newswire) � Aroway Minerals Inc. (TSX-V:ARW; PINK:ARWJF) (www.arowayenergy.com) (the "Company") is pleased to announce that the Company and its joint venture partner ("Partner") have entered into a rolling farmout agreement ("Agreement") with a private oil and gas company (the "Farmor") with access to 29 sections, of 3D seismically defined land (the "Lands") located within the Company's and its Partner's core area of interest in the Peace River Arch area of Northern Alberta.
The terms of the agreement commit the Partnership to drill 1 well on the Farmor's Lands before February 28, 2011, and a second well on the Lands before August 1st, 2011. Each well drilled on the Lands earns the spacing unit. The Partnership will also have the option to continue the Agreement by committing to drill a well on the undrilled Lands every 90 days from the rig release of the previously drilled well, subject to weather and ground conditions. Together with its partner, the Company also purchased approximately 45 square kms of proprietary 3D data which covers a substantial portion of the Agreement Lands, for $330,000 net to Aroway. The Company's Partner has already identified several drillable prospects within the Agreement Lands.
Aroway paid 50% of the total consideration for the rolling option and the 3D seismic, and will pay 50% of all costs associated with the development of the Lands to earn 50% of all revenue generated from these acquired Lands. The Farmor will retain a variable royalty depending on the location of the drilling target that will range from 7.5% to 12.5%. The execution of the rolling option agreement gives Aroway access to a total of 79 sections of land in the Company's Core operating area within the Peace River Arch of northern Alberta.
Chris Cooper, President of Aroway, commented, "The execution of the option agreement enables us to become a fast growing player in our core area. Aroway has grown from a 4 section farmout to having access to 79 sections in one of the hottest regions of Northern Alberta in just 4 months. We look forward to continued exploration success in 2011."
Aroway is also very pleased to report that workover operations on the Partnership's recent well acquired through the 5 section acquisition announced on January 31, 2011 have been completed. Current production from the well has been increased 250% from 20 boe/day to 50 boe/day (25 boe/day net to Aroway).
About Aroway Energy Inc.
Aroway Energy Inc. is a Western Canadian junior oil and gas production and exploration company participating in "non-operated" Peace River Arch oil and gas exploration prospects, through a joint venture partnership. Aroway is currently producing approximately 225 boe/day of oil, gas liquids and gas net to Aroway
ON BEHALF OF AROWAY ENERGY INC.
Chris Cooper, President
BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
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.
Contact:
Judy-Ann Pottinger
Aroway Energy Inc.
(604) 304-4090 or Cell: (604) 617-5290
(604) 909-2679 (FAX)
jpottinger@arowayenergy.com
www.arowayenergy.com
(647) 258-3311 or Toll Free: (888) 258-3323
Investor Cubed Inc.
(416) 363-7977 (FAX)
info@investor3.ca
Disclosure: ARW is a paid advertising client on Investorideas.com and our energy, natural gas, and oil and gas portals.
Visit the ARW showcase profile at Investorideas.com
Request News and Info on ARW

Thursday, February 10, 2011

Energy Stock Snapshot; FieldPoint Petroleum Corporation News and Operations

AUSTIN, TX - February 10, 2011 (Investorideas.com energy stocks newswire) - Investorideas.com and its energy portals, report recent news and operations from FieldPoint Petroleum Corporation (NYSE Amex: FPP). FieldPoint Petroleum Corporation is engaged in oil and natural gas exploration, production and acquisition, primarily in Louisiana, New Mexico, Oklahoma, Texas and Wyoming.
FieldPoint Petroleum has ownership interests in 304 gross productive wells (82.53 net) located in three states. The Company operates 59 of the 304 wells; the other wells are operated by independent contractors under standard industry contracts.
Properties
Block A-49 and Block 6 Field, Andrews County, Texas is a producing oil field located in Andrews, Texas. The Company owns a 74%-100% working interest in five producing oil wells and three injection wells producing out of the Devonian and Ellenburger formations at an approximate depth of 7,000 to 9,000 feet.
South Vacuum Field, Lea County, New Mexico is a producing natural gas field located outside of Hobbs, New Mexico. The Company owns a 25%-50% working interest in three producing gas wells producing out of the McKee formation at a depth of approximately 11,600 feet.
Spraberry Trend, Midland County, Texas is a producing oil and natural gas field located 6 miles east of Midland, Texas. The Company owns a 6% to 15% working interest in five oil and natural gas wells producing out of the Spraberry formation at a depth of approximately 7,000 feet.
Flying M Field, Lea County, New Mexico is a producing oil and natural gas field located outside of Hobbs, New Mexico. The Company owns a 39.25% working interest in two oil and natural gas wells producing out of the ABO formation at a depth of approximately 8,300 feet.
Sulimar Field, Chaves County, New Mexico is a producing oil field located 35 miles north east of Artesia, New Mexico. The Company has a 100% working interest in one oil well producing out of the Queen formation at a depth of approximately 1,800 feet.
More Properties: http://www.fppcorp.com/properties.html
Recent News:
FieldPoint Petroleum Reports Increase in Borrowing Base
FieldPoint Petroleum Corporation (NYSE Amex: FPP) announced today that the borrowing base available to the company under its bank line of credit has been increased to $10.5 million. This increase was approved following a routine mid-year engineering review of the line by Citibank.
Ray Reaves, President and CEO of FieldPoint stated, "We are very pleased that Citibank has recognized the size and quality of our growing asset base. In this weak economy, we consider this to be a strong endorsement from our banking partner."
To read full news:
http://finance.yahoo.com/news/FieldPoint-Petroleum-Reports-cnw-674660569.html?x=0&.v=2
FieldPoint Petroleum Corporation Announces Update on Stock Buy-Back
FieldPoint Petroleum Corporation (NYSE Amex: FPP) announced today that it will continue to buy back its shares in accordance with a plan approved by its Board of Directors earlier this year. Under this plan, management is authorized to make stock purchases in open market or privately-negotiated transactions, subject to prevailing market conditions. All purchases are funded from available cash.
Ray Reaves, President and CEO stated, "As of today, FieldPoint has repurchased a total of 810,000 shares held in treasury at an aggregate cost of approximately $1,509,541, or an average cost of approximately $1.86 per share. Management is currently authorized to commit to an additional $140,000 in purchases without further board approval. We will look to market conditions beyond that point to determine whether or not to request a continuation from the Board."
To read the full news:
http://finance.yahoo.com/news/FieldPoint-Petroleum-prnews-434392054.html?x=0&.v=1
This press release may contain projection and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Any such projections or statement reflect the company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that such projections will be achieved and that actual results could differ materially from those projected. A discussion of important factors that could cause actual results to differ from those projected, such as decreases in oil and natural gas prices and unexpected decreases in oil and natural gas production, is included in the company's periodic reports filed with the Securities and Exchange Commission (at www.sec.gov)
Contact FieldPoint Petroleum Corporation (NYSE Amex: FPP)
Ray D. Reaves, President
(512)250-8692
fppc@ix.netcom.com
Visit the Company's website at
www.fppcorp.com
Published at Investor Ideas Oil and Gas news feeds
Disclaimer: The followingFieldPoint Petroleum Corporation news is paid for on behalf of FPP ($500). Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Disclaimer: http://www.investorideas.com/About/Disclaimer.asp  

Wednesday, February 9, 2011

Oil and Gas Company Snapshot; FieldPoint Petroleum Corporation (NYSE Amex: FPP)

AUSTIN, TX –– February9, 2011 (Investorideas.com Energy Newswire) – Investorideas.com and
its energy portals profile the company info and recent news for energy stock;
FieldPoint Petroleum Corporation (NYSE Amex: FPP) .

About FieldPoint Petroleum Corp. www.fppcorp.com

FieldPoint Petroleum Corporation is engaged in oil and natural gas exploration, production and
acquisition, primarily in Louisiana, New Mexico, Oklahoma, Texas and Wyoming.

Recent News :

FieldPoint Petroleum Reports Increase in Borrowing Base

FieldPoint Petroleum Corporation (NYSE Amex: FPP) announced today that the borrowing base
available to the company under its bank line of credit has been increased to $10.5 million. This
increase was approved following a routine mid-year engineering review of the line by Citibank.

Ray Reaves, President and CEO of FieldPoint stated, "We are very pleased that Citibank has
recognized the size and quality of our growing asset base. In this weak economy, we consider
this to be a strong endorsement from our banking partner."

To read full news:

http://finance.yahoo.com/news/FieldPoint-Petroleum-Reports-cnw-674660569.html?x=0&.v=2

FieldPoint Petroleum Corporation Announces Update on Stock Buy-Back

FieldPoint Petroleum Corporation (NYSE Amex: FPP) announced today that it will continue to
buy back its shares in accordance with a plan approved by its Board of Directors earlier this year.
Under this plan, management is authorized to make stock purchases in open market or privately-
negotiated transactions, subject to prevailing market conditions. All purchases are funded from
available cash.

Ray Reaves, President and CEO stated, “As of today, FieldPoint has repurchased a total
of 810,000 shares held in treasury at an aggregate cost of approximately $1,509,541, or an
average cost of approximately $1.86 per share. Management is currently authorized to commit
to an additional $140,000 in purchases without further board approval. We will look to market
conditions beyond that point to determine whether or not to request a continuation from the
Board.”

To read the full news:

http://finance.yahoo.com/news/FieldPoint-Petroleum-prnews-434392054.html?x=0&.v=1

This press release may contain projection and other forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Act of 1934, as amended. Any such projections or statement reflect the company's
current views with respect to future events and financial performance. No assurances can be
given, however, that these events will occur or that such projections will be achieved and that
actual results could differ materially from those projected. A discussion of important factors that
could cause actual results to differ from those projected, such as decreases in oil and natural gas

prices and unexpected decreases in oil and natural gas production, is included in the company's
periodic reports filed with the Securities and Exchange Commission (at www.sec.gov)

Contact FieldPoint Petroleum Corporation (NYSE Amex: FPP)

Ray D. Reaves, President
(512)250-8692
fppc@ix.netcom.com

Visit the Company’s website at
www.fppcorp.com

Published at Investor Ideas Oil and Gas news feeds

Disclaimer: The following FieldPoint Petroleum Corporation news is paid for on behalf of FPP ($500). Nothing on our
sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated
by featured companies, news submissions and online advertising.

Disclaimer: http://www.investorideas.com/About/Disclaimer.asp

Energy Stocks News Alert; Updates from FieldPoint Petroleum Corporation (NYSE Amex: FPP)

FieldPoint Petroleum Reports Increase in Borrowing Base; Announces Update on
Stock Buy-Back

AUSTIN, TX –– February 8, 2011 (Investorideas.com Energy Newswire) –

Oil and gas news alert for FieldPoint Petroleum Corporation (NYSE Amex: FPP) recent news and
press releases

News Excerpts:

FieldPoint Petroleum Reports Increase in Borrowing Base

“AUSTIN, Texas, Dec. 21, 2010 -- FieldPoint Petroleum Corporation (NYSE Amex: FPP)
announced today that the borrowing base available to the company under its bank line of credit
has been increased to $10.5 million. This increase was approved following a routine mid-year
engineering review of the line by Citibank.

Ray Reaves, President and CEO of FieldPoint stated, "We are very pleased that Citibank has
recognized the size and quality of our growing asset base. In this weak economy, we consider
this to be a strong endorsement from our banking partner."

To read full news:

http://finance.yahoo.com/news/FieldPoint-Petroleum-Reports-cnw-674660569.html?x=0&.v=2

FieldPoint Petroleum Corporation Announces Update on Stock Buy-Back

“AUSTIN, Texas, Nov. 24, 2010 / -- FieldPoint Petroleum Corporation (NYSE Amex: FPP)
announced today that it will continue to buy back its shares in accordance with a plan approved
by its Board of Directors earlier this year. Under this plan, management is authorized to make
stock purchases in open market or privately-negotiated transactions, subject to prevailing market
conditions. All purchases are funded from available cash.

Ray Reaves, President and CEO stated, “As of today, FieldPoint has repurchased a total
of 810,000 shares held in treasury at an aggregate cost of approximately $1,509,541, or an
average cost of approximately $1.86 per share. Management is currently authorized to commit
to an additional $140,000 in purchases without further board approval. We will look to market
conditions beyond that point to determine whether or not to request a continuation from the
Board.”

To read the full news:

http://finance.yahoo.com/news/FieldPoint-Petroleum-prnews-434392054.html?x=0&.v=1

About FieldPoint Petroleum Corp. www.fppcorp.com

FieldPoint Petroleum Corporation is engaged in oil and natural gas exploration, production and
acquisition, primarily in Louisiana, New Mexico, Oklahoma, Texas and Wyoming.

This press release may contain projection and other forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the

Securities Act of 1934, as amended. Any such projections or statement reflect the company's
current views with respect to future events and financial performance. No assurances can be
given, however, that these events will occur or that such projections will be achieved and that
actual results could differ materially from those projected. A discussion of important factors that
could cause actual results to differ from those projected, such as decreases in oil and natural gas
prices and unexpected decreases in oil and natural gas production, is included in the company's
periodic reports filed with the Securities and Exchange Commission (at www.sec.gov)

Contact FieldPoint Petroleum Corporation (NYSE Amex: FPP)

Ray D. Reaves, President
(512)250-8692
fppc@ix.netcom.com

Visit the Company’s website at
www.fppcorp.com

Published at Investor Ideas Oil and Gas news feeds

Disclaimer: The following FieldPoint Petroleum Corporation news is paid for on behalf of FPP ($500). Nothing on our
sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated
by featured companies, news submissions and online advertising.

Disclaimer: http://www.investorideas.com/About/Disclaimer.asp

Thursday, February 3, 2011

Aroway Minerals Inc. Change of Name to Aroway Energy Inc.

Calgary, Alberta - February 3, 2011 (Investorideas.com energy stocks newswire) � Aroway Minerals Inc. (TSX-V:ARW; PINK:ARWJF) (www.arowayenergy.com) (the "Company") is pleased to announce that effective Friday, February 4, 2011, the Company's name will change from "Aroway Minerals Inc." to "Aroway Energy Inc.". The new CUSIP number will be 04268T105 and new ISIN number will be CA 04268T1057. The share capital of the Company is unchanged.
The Company's trading symbol will remain "ARW".
About Aroway Minerals Inc.
Aroway Minerals Inc. is a Western Canadian junior oil and gas production and exploration company participating in "non-operated" Peace River Arch oil and gas exploration prospects, through a joint venture partnership. Aroway is currently producing from two wells with production of approximately 200 boe/day of oil, gas liquids and gas net to Aroway.
ON BEHALF OF AROWAY MINERALS INC.
Chris Cooper, President
BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
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.
For further information, please call:
Aroway Minerals Inc.:
Judy-Ann Pottinger
Telephone: (604) 617-5290
Fax: (604) 909-2679
E-mail: jpottinger@arowayenergy.com
Investor Cubed Inc.:
Alan Huycke
Telephone: (647) 258-3311, (888) 258-3323
Fax: (416) 363-7977
E-mail: ahuycke@investor3.ca
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.
Disclosure: ARW is a paid advertising client on Investorideas.com and our energy, natural gas, and oil and gas portals.
Visit the ARW showcase profile at Investorideas.com
Request News and Info on ARW

Wednesday, February 2, 2011

Investor Tools for Trading Energy Stocks as Oil Trades over $91

POINT ROBERTS, Wash., February 2 , 2011 - www.InvestorIdeas.com, a global
investor research portal, specializing in sector research including energy stocks,
updates investors with content and stock directories to research the oil and gas
sector as energy stocks and oil prices rise.

The oil and gas stocks directory features over seven hundred stocks listed on the
TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading
Stock Exchanges. The directory also features a section on Bakken stocks and oil
sands stocks.
Preview the directory here: http://www.investorideas.com/OGSN/Stock_List.asp

The energy stocks directory is available separately in a PDF of part of the
Investorideas.com Members currently have 24/7 online access to the exclusive
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Visit the Investor Ideas membership page to learn more at: http://
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Investors can follow news and developments in energy stocks with the
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Additional energy stocks research tools:
Natural Gas Stocks Directory - Global Directory of Publicly traded Natural Gas
Stocks listed on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX,
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micro cap as well as large cap NYSE listed stocks for review. Natural gas stocks
included range from LNG, Coal Bed Methane to exploration and producers in
the sector. The directory in PDF format, features hyperlinks to stocks symbol(s),
company's URL and company's description.

Oil and Gas Stocks Directory Preview

.
American Petro-Hunter, Inc. (OTCBB: AAPH) is a goal-oriented exploration and production
(E&P) Company aiming to become an intermediate level oil and gas producer within 12 months.
The Company is in production at the Poston Project in Trego County Kansas with new drilling
activity and production underway at the North Oklahoma Oil Project. With the achievable target of
becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the "hunt" for
domestic petroleum assets.

Aroway Minerals Inc. (TSX.V: ARW) is junior oil and gas exploration Company focused on high
working interest non-operated oil and gas exploration prospects. Aroway is currently participating
in two exploration wells which are programmed to a total depth into the Leduc formation in the
Peace River Arch area of Alberta. The Company will pay 75% of all costs to earn 50% of all
revenues in the exploration program.

* Stocks are showcase advertising water companies on our site - Read disclaimers and
Disclosure

3D Oil Limited (ASX.TSO.AX) is an oil and gas exploration company. The company holds 100%
equity in two permits in Bass Strait; Vic/P57 in the Gippsland basin, Victoria and T41-P in the
Bass basin, Tasmania.

Abraxas Petroleum Corporation (NasdaqCM:AXAS) is a San Antonio based crude oil and
natural gas exploration and production company with operations principally in Texas, the Mid-
Continent and the Rocky Mountains. Abraxas Petroleum Corporation also owns a 47% interest in
an upstream master limited partnership, Abraxas Energy Partners, L.P., which entitles Abraxas
Petroleum Corporation to receive its proportionate share of cash distributions made by the
Partnership.

Abu Dhabi National Energy Company PJSC (ADX: TAQA.AE) is a global energy company with
operations in power generation, water desalination, upstream oil/gas, pipelines and gas storage.
In addition to supplying more than 98% of power in its domestic market, TAQA is expanding its
footprint across the Middle East, The Americas and Europe. It is one of the largest companies
listed on the ADX. TAQA has around 2,800 employees and operates from its offices in Abu
Dhabi, Michigan, Aberdeen, Calgary, Amsterdam and The Hague with alliance partners across
the Gulf, Middle East, North Africa, Europe, Asia, and the United States. TAQA carries an AA-
credit rating according to internationally renowned rating agency S&P and Aa2 by Moody's.

Acergy S.A (NasdaqGS: ACGY; Oslo:ACY.OL) is a seabed-to-surface engineering and
construction contractor to the offshore oil and gas industry worldwide. We provide integrated
services, and we plan, design and deliver complex projects in harsh and challenging
environments.

ACT Clean Technologies, Inc. (OTCPK:ACLH) is committed to both a safer environment through
cleaner technologies as well as more profitable methods of oil recovery and production from oil
sands and other petroleum reserves. APS clients who have used its technologies include some
of the largest oil and gas companies in the United States, including Conoco Phillips, Exxon Mobil,
Avon Petroleum, Valero Petroleum, BP (British Petroleum) as well as the US Navy Petroleum
Reserve.

ACTIVENERGY INCOME TRUST UNITS (AEU-UN.TO) is a TSX listed closed-end investment
fund that invests in a diversified portfolio of energy companies with an emphasis on oil and gas as
well as common shares of Canadian and U.S.-based issuers operating in the energy sector.

Adams Resources And Energy (AMEX:AE) together with its subsidiaries, engages in marketing
crude oil, natural gas, and petroleum products. It purchases crude oil, and arranges sales and
deliveries to refiners and other customers in Texas and Louisiana with additional operations
in Michigan and New Mexico; and purchases, distributes, and markets natural gas, as well as
markets branded and unbranded refined petroleum products, such as motor fuels, including
automotive gasoline, biodiesel, and conventional diesel fuel; and lubricants, including passenger
car motor oils, and industrial oils and greases. The company also engages in the exploration,
development, and production of domestic oil and natural gas properties in Louisiana and Texas
Gulf Coast. As of December 31, 2008, the company held interest in 323 wells.

Addax Petroleum Corporation (TSX:AXC.TO) is an international oil and gas exploration and
production company with a strategic focus on West Africa and the Middle East. Nigeria's natural
gas reserves are estimated by the Nigerian National Petroleum Corporation (NNPC) to be 187
Tcf in 2006, ranking Nigeria to be the seventh largest natural gas reserves holder in the world.
To date this resource has been underdeveloped due to the primary focus of the industry on oil
resource development for export. However, now the Nigerian government has announced its

objective to increase natural gas revenue sales and secure flares down for all operations.

Adelaide Energy Limited (ASX:ADE.AX) is focused on oil and gas exploration in the Cooper and
Otway Basins of SA and the West Florence Basin of Colorado, USA.

Adelphi Energy Limited (ASX:ADI.AX) is an ASX listed Australian based petroleum exploration
company with a focus on pursuing and acquiring high impact oil and gas exploration and
production opportunities. It currently holds exploration permits in the USA and Yemen.

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AAPH and ARW are advertising showcase energy stocks and pay Investorideas.com an average of $2000
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Oil and Gas News; TAG Oil Begins Drilling Sidewinder-2: First in Series for New Discovery

Vancouver, B.C. - February 2, 2011 (Investorideas.com Newswire)- Canadian listed, New Zealand oil and gas producer TAG Oil Ltd. (TSX-V: TAO), announced that the Sidewinder-2 well is scheduled to begin drilling operations on February 7, 2011.
This is the first of several appraisal and exploration wells to be drilled in the 7910-acre (12 section), 100% TAG-controlled Petroleum Exploration Permit 38748 ("PEP 38748") in New Zealand's Taranaki Basin.
Following the success of the gas-rich Sidewinder-1 discovery, the Sidewinder-2 and 3 wells will be drilled to a depth of approximately 2400 meters, targeting the same Mt. Messenger Formation play level as Sidewinder-1. However, these wells will be drilled in a slightly downdip location to intersect an interpreted "oil leg" associated with this proven accumulation.
TAG also announces its plans to conduct a multi-well, high-impact exploration campaign in PEP 38748 targeting a number of Mt. Messenger prospects similar to Sidewinder, that have been identified permit-wide by 3D seismic.
Any successes arising from additional discoveries in PEP 38748 or additional Sidewinder production wells will be immediately tied into the Sidewinder Production Station. Currently under construction, TAG forecasts completion of the new facility by mid-2011.
Production from the existing Sidewinder-1 well, forecast to produce at rates of 8 to 10 million cubic feet of gas (1300 to 1600 barrels of oil equivalent) per day, will be brought on stream upon completion of the Sidewinder Production Station.
Investorideas.com Energy Newswire Please see http://tagoil.com/20101103-TAG-Oil-Announces-Strong-Results-at-Sidewinder-1-Flow-T.asp for more information on the Sidewinder-1 discovery.
TAG Oil Ltd.
TAG Oil Ltd. is a Canadian-listed company (TSX-V: TAO) with operations in New Zealand. With 100% control of its core assets, including oil and gas production infrastructure, TAG is anticipating production growth through development of multiple oil and gas discoveries in the Taranaki Basin. TAG is also targeting high-impact drilling opportunities on numerous exploration prospects identified over 3,500 sections of land onshore.
In the East Coast Basin, TAG is pursuing the major unconventional resource potential that has been demonstrated in the Waipawa Black Shale and Whangai Shale source-rock formations. These oil-rich, naturally fractured formations compare favorably to fractured shale formations such as the Bakken Shale in the 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. These statements are based on certain factors and assumptions including those related to the exploration, development and daily production rates of TAG Oil's Cheal oil field and Sidewinder discovery in the Taranaki Basin of New Zealand. 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.
Factors 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 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.