TAG Oil Corporate Presentation - 04/2010

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Corporate Overview

Why TAG?

© 2010 Tag Oil Ltd., www.tagoil.com

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100% of Cheal oil discovery; new $35 million facility

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Core acreage in the Taranaki Basin and 2.4 million acres in the East Coast Basin

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TAG optimization to increase Cheal value significantly through increased production and better reserve recovery factor

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AJM undiscovered resource potential of 12.65 billion barrels OOIP (p50) of unconventional shale play acreage

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Sproule undiscovered resource potential of 1.736 billion barrels OOIP (p50).

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Significant growth potential through development & exploration drilling

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