TAG Oil, Trans-Orient to Build Technical and Operational Capabilities in New Zealand

Vancouver-based TAG Oil Ltd. and Trans-Orient Petroleum Ltd. announced that the two companies will move their technical and operational base to New Plymouth in the Taranaki region, New Zealand’s oil and gas centre. The companies will strengthen the base’s technical and operational capability by building a regional team to facilitate their recently expanded operations. The companies also announced that in order to facilitate restructuring of their expanded operations in New Zealand, Drew Cadenhead will resign as COO of Trans-Orient and relocate from its head office in Vancouver to New Zealand to provide ongoing technical support to TAG and Trans-Orient. TAG Oil Ltd. controls 100% of the Cheal oil discovery in the onshore Taranaki Basin of New Zealand.