TAG Oil Announces New Chief Financial Officer

PR Newswire

VANCOUVER, Oct. 7, 2013

VANCOUVER, Oct. 7, 2013 /PRNewswire/ - TAG Oil Ltd. (TSX: TAO) and (OTCQX:
TAOIF), announces the appointment of Mr. Chris Ferguson as its Chief
Financial Officer ("CFO"), replacing Mr. Blair Johnson. Mr. Ferguson
will be joining the TAG team in its New Plymouth headquarters
commencing on December 1, 2013.

Mr. Ferguson is a qualified Chartered Accountant who holds a Bachelor of
Management Studies in Accounting and has 18 years of financial,
accounting and operational experience in both the public and private
sectors. For the past fourteen years, Mr. Ferguson has built up
extensive oil and gas experience within the Taranaki Basin, having held
senior financial positions with both local and international
exploration and production companies.

Recently, Mr. Ferguson spent five years working with Origin Energy New
Zealand as their Finance and Planning Manager, where he was leading the
financial planning, accounting, tax and production accounting functions
which included the implementation of strategic plans, executing
supplier contract strategies and managing contractor performance.

In his position as TAG's CFO, Mr. Ferguson will be responsible for TAG's
finances and working with the New Zealand team to execute all
operational strategies and development, as well as leading the
accounting and risk management team.

TAG CEO, Garth Johnson commented, "Blair has contributed diligently to
TAG's success over the past ten years, however TAG's rapid growth in
Taranaki has created a need for our CFO to reside within the New
Plymouth office on a full-time basis to work with our operations team
daily. Chris' strong financial background makes him a great candidate
for TAG, and his knowledge of the New Zealand oil and gas business and
Canadian regulatory reporting makes for a great fit. We look forward to
working with Chris as TAG continues to be the most active driller in
New Zealand. At the same time, we appreciate Blair's hard-work and
dedication to TAG over the years, and we wish him the best in his
future endeavours."

TAG Oil Ltd.

TAG Oil Ltd. (http://www.tagoil.com/) is a Canadian-based production and exploration company with operations
focused exclusively in New Zealand. With 100% ownership over all its
core assets, including extensive oil and gas production infrastructure,
TAG is enjoying substantial oil and gas production and reserve growth
through development and apprasil of several oil and gas discoveries.
TAG is also actively drilling high-impact conventional and
unconventional exploration prospects identified across more than
2,669,780 net acres of land in New Zealand.