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TAG Oil Ltd. V.TAO

Alternate Symbol(s):  TAOIF

TAG Oil Ltd. is an international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa. It holds an interest in the Badr Oil Field (BED-1), a 26,000-acre concession located in the Western Desert, Egypt, through a production services agreement (the PSA) with Badr Petroleum Company (BPCO). It is focused on BED-1 the re-completion and evaluation operations of the BED 1-7 vertical well. These initial operations are part of its phase I development program of Abu Roash F (ARF) reservoir in BED-1. The BED 1-7 well started oil production from the ARF reservoir. Its Field Development Plan (FDP), consisting of drilling 20 horizontal wells to be completed with multi-stage fracture stimulation, is focused on the east central part of the BED-1 concession area and contains OIIP P50 volumes of 178.3 million barrels and mean volumes of 179.0 million barrels. Its subsidiaries include TAG Energy International Ltd., CX Oil Limited, and others.


TSXV:TAO - Post by User

Bullboard Posts
Post by kanerfalkon Aug 30, 2013 1:41am
399 Views
Post# 21708507

Coronado -Approval for the Acquisition of Opunake

Coronado -Approval for the Acquisition of Opunake

Coronado Announces Shareholder Approval for the Acquisition of Opunake Hydro Limited

Canada NewsWire

VANCOUVER, Aug. 29, 2013 /CNW/ - Coronado Resources Ltd. (TSX-V: CRD) and (OTCQX: CRDAF) ("Coronado") is pleased to announce that, at the annual general and special meeting of Coronado's shareholders held earlier today (the "Meeting"), Coronado's proposed change of business acquisition previously announced on May 14, 2013 (the "Acquisition"), was approved by the disinterested shareholders ofCoronado. If the Acquisition is completed, Coronado will acquire of all of the outstanding common shares of Opunake Hydro Limited ("OHL") from TAG Oil Ltd. and Opunake Hydro Holdings Limited in exchange for 14,461,567 common shares of Coronado.

The completion of the Acquisition remains subject to the satisfaction of a number of conditions, including final approval from the TSX Venture Exchange, and the requisite regulatory approvals in New Zealand.Coronado expects the Acquisition will be completed during the third calendar quarter of 2013.

At the Meeting, the shareholders of Coronado also elected the board of directors, re-appointed its auditors, re-approved Coronado's stock option plan, and approved an advance notice policy.

Further information regarding the Meeting and the proposed Acquisition is contained in Coronado's information circular dated July 29, 2013that has been filed on Coronado's SEDAR profile and can be obtained at www.sedar.com.

Completion of the Acquisition remains subject to a number of conditions, including TSX Venture Exchange acceptance and New Zealandregulatory approval. There can be no assurance that the Acquisition will be completed as proposed or at all.

The TSX Venture Exchange has in no way passed upon the merits of the proposed Acquisition and has neither approved nor disapproved the contents of this press release.

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.


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