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Ed Stacey discusses the sale of TAG Oil's New Zealand assets

TAG Oil Ltd. (TSE:TAO) said Wednesday that it has agreed to sell assets and operations in New Zealand’s Taranaki Basin to Australia-based Tamarind Resources Pty Ltd for US$30 million, plus a share of royalties and benchmark payments.

 

Quick facts: Tag Oil

Price: 0.36 CAD

TSX:TAO
Market: TSX
Market Cap: $30.75 m
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